The shape of the average fixed cost curve is ........................ Option 1: Upward sloping Option 2: Rectangular hyperbola Option 3: Vertical Option 4: Horizontal

The answer is 'Rectangular hyperbola'. View full solution:

CUET Economics - The shape of the average fixed cost curve is ........................ | PYQs + Solutions

CUET Economics 2025 29 May Shift 2

Micro

Medium

Upward sloping

Rectangular hyperbola

Vertical

Horizontal

✅ Correct Option: 2

Related questions:

27 May Shift 2

Calculate the short run average cost when total cost is 95 with 9 units of output.

3 June Shift 2

Match List-I with List-II

List-I	List-II
(A) Total revenue	(I) Minimum of LRAC curve.
(B) Supply	(II) A firm earns only normal profit.
(C) Shut down point	(III) Market price multiplied by the firm's output.
(D) Break-even point	(IV) Quantity sold at a given price.

Choose the correct answer from the options given below:

2 June Shift 1

When some resources are shifted from Use 1 to Use 2 (given technology), the Marginal Rate of Transformation will