CUET Economics 2025 30 May Shift 2 PYQs

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:

Match List-I with List-II

List-I	List-II
(A) TVC	(I) AVC × quantity
(B) SAC	(II) AVC + AFC
(C) TC	(III) TVC + TFC
(D) LRMC	(IV) (TC at q₁ units) – (TC at q₁ – ₁ units)

Choose the correct answer from the options given below:

Any allocation of resources by the society would result in the _____ of a particular combination of different goods and services.

1. Consumption
2. Production
3. Exchange
4. Demand and supply