CUET Economics - Choose the correct statements from the options given below in terms of the shapes of the short run cost curves. (A) Average fixed cost curve is a rectangular hyperbola. (B) Total fixed cost is horizontal straight line. (C) Average variable cost is upward sloping. (D) Marginal cost is U shaped. Choose the correct answer from the options given below: | PYQs + Solutions

CUET Economics 2025 30 May Shift 2

Micro

Medium

(A), (C) and (D) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

✅ Correct Option: 2

Related questions:

2 June Shift 1

When Marginal Product is constant?

28 May Shift 1

Arrange the following statements considering the shape of long run marginal costs (LRMC).

(A) As output increases, LRAC initially falls (MC < AC).

(B) For the first unit of output, both LRMC and LRAC are the same.

(D) LRMC curve is therefore a 'U'-shaped curve.

Choose the correct answer from the options given below:

30 May Shift 2

As long as decreasing returns to scale operates, as the firm increases output, the average cost must be ................

CUET Economics 2025 30 May Shift 2 PYQs