The point of minimum average cost at which the supply curve cuts the long run average cost curve is called? Option 1: Super Normal Profit. Option 2: Opportunity cost. Option 3: Break Even Point. Option 4: Shut Down Point.

The answer is 'Break Even Point.'. View full solution:

CUET Economics - The point of minimum average cost at which the supply curve cuts the long run average cost curve is called? | PYQs + Solutions

CUET Economics 2025 30 May Shift 2

Micro

Medium

Super Normal Profit.

Opportunity cost.

Break Even Point.

Shut Down Point.

✅ Correct Option: 3

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29 May Shift 1

Which of the following is an example of Cost-Reduction Technology in a business?

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The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called?

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Match List-I with List-II

List-I	List-II
(A) Short run Marginal Cost (SMC)	(I) ΔTC/Δq
(B) Long run Average Cost (LRAC)	(II) TVC/q
(C) Average Variable Cost (AVC)	(III) TC/q
(D) Average Fixed cost (AFC)	(IV) TFC/q

Choose the correct answer from the options given below:

CUET Economics 2025 30 May Shift 2 PYQs

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