CUET Economics 2025 28 May Shift 2 PYQs

The short run supply curve is represented as?

1. The rising part of the marginal cost curve.
2. The rising part of the marginal cost curve from and above the minimum average variable cost curve.
3. The rising part of the marginal cost curve from and above the minimum average cost curve.
4. The marginal cost curve.

Choose the correct options with reference to short-run average costs.

(A) Average total cost = total cost / quantity of output

(B) Average total cost = average variable cost + average fixed cost

(C) Average variable cost = average total cost - average fixed cost

(D) Average fixed cost = average variable cost - average cost

Choose the correct answer from the options given below:

Which of the following is/are true about the short run costs?

(A) Marginal cost is the slope of total variable cost.

(B) Average fixed cost curve is a downward sloping rectangular hyperbola.

(C) Average variable cost curve is a U shaped curve.

(D) Average variable cost curve and average cost curve are parallel to each other.

Choose the correct answer from the options given below: