CUET Economics 2025 29 May Shift 2 PYQs

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) $p \leq LRAC$

(D) $p \geq$ min. LRAC

Choose the correct answer from the options given below:

In the short run, some of the factors of production of a firm ......

At the final level of production, a typical firm observed.