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