CUET Economics 2025 30 May Shift 2Micro > MediumEqual to average cost.Less than the average cost.Greater than the average cost.Falling.✅ Correct Option: 3Related questions:14 May Shift 1Arrange the following in correct sequence to attain equilibrium under perfect competition. (A) LRMC start rising. (B) Both LRAC and LRMC fall. (C) Both LRAC and LRMC rises. (D) LRMC cuts LRAC from below.22 May Shift 2Marginal product (MP) and the average product (AP) curves are inverse 'U'-shaped. which of the following is correct for AP and MP.28 May Shift 1What does the rectangle OVBq₀ depicts in the given figure?