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

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in the long run when the average cost is rising, marginal cost must be.

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The case where a marginal product is greater than the average product, where?

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Match List-I with List-II

Choose the correct answer from the options given below: