CUET Economics 2025 27 May Shift 2Micro > MediumRectangular Hyperbola Curve.L shape Curve.'U' Shaped Curve.Downward Straight Line Curve.✅ Correct Option: 1Related questions:28 May Shift 2The firm must employ more of the variable inputs, in order to increase the production of output. Therefore, as output increases31 May Shift 1From the following which is incorrect with respect to firm's profit maximization in long run? Price = Long Run Marginal Cost LRMC is first decreasing and then increasing Price = Short Run Marginal Cost Price ≥ Long Run Average Variable Cost 22 May Shift 2The total cost of a firm is Rs 80 for 3 units of output, Rs 95 for 4 units of output, and Rs. 115 for 5 units of output. What is the marginal cost for the 5th unit of output?