CUET Economics - Average fixed cost curve is actually a ................... curve: | PYQs + Solutions

CUET Economics 2025 27 May Shift 2

Micro

Medium

Rectangular Hyperbola Curve.

L shape Curve.

'U' Shaped Curve.

Downward Straight Line Curve.

✅ Correct Option: 1

Related questions:

28 May Shift 2

At the positive level of output, where a firm's profit is maximized, the following conditions must hold.

(A) $p = LRMC$

(B) LRMC is non-decreasing at $q_0$

(D) $p \geq$ min. LRAC

Choose the correct answer from the options given below:

27 May Shift 2

At the minimum point of the long run average cost curve .......... is observed.

16 May Shift 1

If the marginal cost(MC) of a perfectly competitive firm is as given below and the price of the product is Rs 15, find the profit-maximizing output of the firm.

output	1	2	3	4	5	6
MC	18	15	10	12	15	24

CUET Economics 2025 27 May Shift 2 PYQs

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