CUET Economics - At the positive level of output, where a firm's profit is maximized, the following conditions must hold. (A) p = LRMC (B) LRMC is non-decreasing at q_0 (C) p ≤ LRAC (D) p ≥ min. LRAC Choose the correct answer from the options given below: | PYQs + Solutions

CUET Economics 2025 28 May Shift 2

Micro

Hard

(A), (B) and (D) only

(A), (C) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

✅ Correct Option: 1

Related questions:

29 May Shift 2

In a production function $q = f(x_1, x_2)$ where the firm produces q output using $x_1$ of factor 1 and $x_2$ of factor 2. Now suppose the firm decides to increase the employment level of both the factors t (t > 1) times. then which among the following is correct?

2 June Shift 1

What does break even point indicate?

22 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Normal profit	(I) Minimum level of profit need by firm to be in business.
(B) Shut down point	(II) Minimum level of LRAC curve
(C) Break-even point	(III) Profit Over and above normal profit
(D) Super-normal profit	(IV) The point on which firm earn only normal profit.

Choose the correct answer from the options given below:

CUET Economics 2025 28 May Shift 2 PYQs

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