In the short run, the shape of marginal cost, average variable cost and short run average cost curves are: Option 1: Concave. Option 2: Downward sloping. Option 3: U- shaped. Option 4: Convex.

The answer is 'U- shaped.'. View full solution:

CUET Economics - In the short run, the shape of marginal cost, average variable cost and short run average cost curves are: | PYQs + Solutions

CUET Economics 2025 27 May Shift 2

Micro

Easy

Concave.

Downward sloping.

U- shaped.

Convex.

✅ Correct Option: 3

Related questions:

30 May Shift 2

From the following which production function exhibits increasing returns to scale?

28 May Shift 2

Choose the correct statements in respect of returns to scale.

(A) Decreasing returns to scale occur when a proportional increase in all inputs is less than output.

(B) Constant returns to scale occur when a proportional increase in all inputs is the same as output.

(D) Increasing returns to scale occur when a proportional increase in all inputs is less than output.

Choose the correct answer from the options given below:

29 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Production function	(I) $f(tx_1, tx_2) > t f(x_1, x_2)$
(B) Constant returns to scale	(II) $f(tx_1, tx_2) < t f(x_1, x_2)$
(C) Increasing returns to scale	(III) $f(x_1, x_2)$
(D) Decreasing returns to scale	(IV) $f(tx_1, tx_2) = t f(x_1, x_2)$

Choose the correct answer from the options given below: