CUET Economics - At zero level of output ,if the total cost(TC) is 20. What will be the value of the Average Fixed cost (AFC) at the 6th level of output? | PYQs + Solutions

CUET Economics 2025 30 May Shift 1

Micro

Easy

2.86

3.33

120

✅ Correct Option: 3

Related questions:

28 May Shift 1

How is the value of the average product calculated in the short-run?

By dividing the total product by the number of labor.
By dividing the change in total product by the change in labor.
By dividing the change in total product by the number of labor.
By dividing the total product by the change in labor.

21 May Shift 1

At the present level of production, the marginal revenue exceeds the marginal cost of production. In order to attain equilibrium, the producer should___

28 May Shift 2

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 $q_0$

(D) $p \geq$ min. LRAC

Choose the correct answer from the options given below:

CUET Economics 2025 30 May Shift 1 PYQs

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