CUET Economics 2025 29 May Shift 2Micro > MediumAs long as AVC is falling, SMC must be less than the AVC.SMC curve cuts the AVC curve from below at the minimum point of AVC.As AVC rises, SMC must be greater than the AVC.SMC curve cuts the AVC curve from below at the minimum point of SMC.✅ Correct Option: 4Related questions:16 May Shift 1Match List-I with List-II List-IList-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:13 May Shift 1The change in total cost per unit of change in output is known as by which name13 May Shift 2In which condition, the average cost of a firm declines when output increases?