CUET Economics 2025 28 May Shift 1Micro > MediumAverage variable costAverage costTotal variable costTotal cost✅ Correct Option: 3Related questions:13 May Shift 2In which condition, the average cost of a firm declines when output increases?22 May Shift 2Match List-I with List-II List-IList-II(A) TVC(I) AVC × quantity(B) SAC(II) AVC + AFC(C) TC(III) TVC + TFC(D) LRMC(IV) (TC at q₁ units) – (TC at q₁ – ₁ units) Choose the correct answer from the options given below:22 May Shift 2Which function tells us the relation between inputs and output?