10:[["$","title","0",{"children":"CUET Economics - The optimum output will be when the relationship between LRMC and LRAC. | PYQs + Solutions | AfterBoards"}],["$","meta","1",{"name":"description","content":"undefined Option 1 -> Incorrect relationship - LRAC cannot cut LRMC from above at minimum LRAC. Option 2 -> Incorrect relationship - LRAC cannot cut LRMC from below at minimum LRAC. Option 3 -> Wrong direction - LRMC cutting from above would indicate maximum point, not minimum. Option 4 -> Correct relationship - LRMC rises from below and intersects LRAC at its minimum point.

Hence, Option 4: LRMC cut LRAC from below at the minimum point of LRAC -> At optimum output, the Long Run Marginal Cost (LRMC) curve intersects the Long Run Avera>= Cost (LRAC) curve at its minimum point. Before this point, LRMC lies below LRAC (pulling avera>= cost down). At the minimum point, LRMC equals LRAC. After this point, LRMC rises above LRAC (pulling avera>= cost up). This relationship is fundamental in economics: marginal cost always intersects avera>= cost at the avera>= cost's minimum point, cutting it from below. This represents the most efficient sca<= of production in the long run -> correct"}],["$","link","2",{"rel":"manifest","href":"https://www.afterboards.in/manifest.json","crossOrigin":"$undefined"}],["$","meta","3",{"name":"keywords","content":"CUETECO,ECO,Micro,Production & Costs"}],["$","meta","4",{"name":"robots","content":"index, follow"}],["$","meta","5",{"name":"category","content":"education"}],["$","meta","6",{"name":"google-site-verification","content":"google"}],["$","meta","7",{"property":"og:title","content":"CUET Economics - The optimum output will be when the relationship between LRMC and LRAC. | PYQs + Solutions"}],["$","meta","8",{"property":"og:description","content":"undefined Option 1 -> Incorrect relationship - LRAC cannot cut LRMC from above at minimum LRAC. Option 2 -> Incorrect relationship - LRAC cannot cut LRMC from below at minimum LRAC. Option 3 -> Wrong direction - LRMC cutting from above would indicate maximum point, not minimum. Option 4 -> Correct relationship - LRMC rises from below and intersects LRAC at its minimum point.

Hence, Option 4: LRMC cut LRAC from below at the minimum point of LRAC -> At optimum output, the Long Run Marginal Cost (LRMC) curve intersects the Long Run Avera>= Cost (LRAC) curve at its minimum point. Before this point, LRMC lies below LRAC (pulling avera>= cost down). At the minimum point, LRMC equals LRAC. After this point, LRMC rises above LRAC (pulling avera>= cost up). This relationship is fundamental in economics: marginal cost always intersects avera>= cost at the avera>= cost's minimum point, cutting it from below. This represents the most efficient sca<= of production in the long run -> correct"}],["$","meta","9",{"property":"og:url","content":"https://www.afterboards.in/past-year-questions/cuet-economics/2025/slot-16/43"}],["$","meta","10",{"property":"og:site_name","content":"AfterBoards | CUET Economics Preparation"}],["$","meta","11",{"property":"og:image","content":"https://www.afterboards.in/pyp/AfterBoards%20CUET%20Past%20Year%20Papers%20with%20Solutions.webp"}],["$","meta","12",{"property":"og:type","content":"website"}],["$","meta","13",{"name":"twitter:card","content":"summary_large_image"}],["$","meta","14",{"name":"twitter:site","content":"afterboards.in"}],["$","meta","15",{"name":"twitter:title","content":"CUET Economics - The optimum output will be when the relationship between LRMC and LRAC. | PYQs + Solutions"}],"$L18","$L19","$L1a","$L1b","$L1c","$L1d","$L1e","$L1f","$L20","$L21","$L22"]

CUET Economics 2025 30 May Shift 2 PYQs

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