CUET Economics 2025 27 May Shift 2 PYQs

For a hypothetical firm, the total cost of producing 5 units of a commodity is Rs. 310 and that of producing 8 units is Rs. 850. If the firm has to spend Rs. 50 even when there is no output, what will be the marginal cost of producing the 8th unit?

1. Rs. 50
2. Rs. 180
3. Rs. 270
4. Rs. 540

At zero level of output ,if the total cost(TC) is 20. What will be the value of the Average Fixed cost (AFC) at the 6th level of output?

If the total revenue curve of a firm is an upward sloping straight line, then which of the following is true for this firm?

1. Marginal revenue is falling.
2. Marginal revenue is increasing.
3. Marginal revenue is always equal to average revenue.
4. marginal revenue is greater than average revenue.