CUET Economics - A firm will shut down in the short run if__________. | PYQs + Solutions

CUET Economics 2025 29 May Shift 1

Micro

Medium

Price < Average Variable Cost.

Price < Average Fixed Cost.

Total Revenue > Total Cost.

Price = Average Cost.

✅ Correct Option: 1

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30 May Shift 2

The collection of all possible combinations of goods and services that can be produced from a given amount of resources and a given stock of technological knowledge.

28 May Shift 1

A firm increased the capital by a unit, which led to a rise in total product from 10 units to 24 units. Further increase in capital in the same quantity leads to an increase in total product to 40 units. What is the difference in change in marginal product?

16 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Land	(I) Interest
(B) Labor	(II) Profit
(C) Capital	(III) Wages
(D) Entrepreneurship	(IV) Rent

Choose the correct answer from the options given below:

CUET Economics 2025 29 May Shift 1 PYQs

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