CUET Economics - Choose the correct equations in the context of costs. (A) TFC = AFC × quantity (B) LRMC = (TC at q_n units) – (TC at q_n-1 units) (C) TC = TVC × TFC (D) LRAC = TC/q Choose the correct answer from the options given below: | PYQs + Solutions

CUET Economics 2025 29 May Shift 2

Micro

Medium

(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:

30 May Shift 1

What is the fixed cost for producing 200 vases?

29 May Shift 2

When the output added by each additional worker is proportionally less, what it shows?

29 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Production function	(I) $f(tx_1, tx_2) > t f(x_1, x_2)$
(B) Constant returns to scale	(II) $f(tx_1, tx_2) < t f(x_1, x_2)$
(C) Increasing returns to scale	(III) $f(x_1, x_2)$
(D) Decreasing returns to scale	(IV) $f(tx_1, tx_2) = t f(x_1, x_2)$

Choose the correct answer from the options given below:

CUET Economics 2025 29 May Shift 2 PYQs