CUET Economics - A firm wishes to maximize its profit, find the correct conditions from the following, that must be held by the firm at q₂ at which its profit is maximum. (A) The price must be less than the average variable cost (B) The price must be greater than the average variable cost (C) Marginal cost must be non-decreasing (D) The price, p, must equal MC Choose the correct answer from the options given below: | PYQs + Solutions

CUET Economics 2025 30 May Shift 2

Micro

Medium

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

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

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

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

✅ Correct Option: 4

Related questions:

22 May Shift 1

In long run as long as average cost is falling, marginal cost must be less than the .......

13 May Shift 1

________ of an input is defined as the change in output per unit of change in the input when all other inputs are remain constant.

3 June Shift 1

Match List-I with List-II

List-I	List-II
(A) The minimum level of profit that is needed to keep a firm in the existing business.	(I) Super-normal profit
(B) Profit that a firm earns over and above the normal profit.	(II) Loss
(C) AR = AC	(III) Break even point
(D) The point of minimum average cost at which the supply curve cuts the AC curve.	(IV) Normal Profit

Choose the correct answer from the options given below:

CUET Economics 2025 30 May Shift 2 PYQs