CUET Economics 2025 31 May Shift 1 - Select the INCORRECT condition for profit maximisation in the perfect market. 1. The price must equal to MC. 2. Marginal cost must be non-decreasing. 3. Price must be less than the average cost. 4. Price must be greater than the average cost. | PYQs + Solutions

CUET Economics 2025 31 May Shift 1

Micro

Medium

The price must equal to MC.

Marginal cost must be non-decreasing.

Price must be less than the average cost.

Price must be greater than the average cost.

✅ Correct Option: 3

Related questions:

22 May Shift 2

From the following statements about a firm's supply curve, select the correct statements:

(A) Technological progress is expected to shift the supply curve of a firm to the right.

(B) An increase in input prices is expected to shift the supply curve of a firm to the left.

(D) The imposition of a unit tax shifts the supply curve of a firm to the left.

Choose the correct answer from the options given below:

30 May Shift 2

From the following which production function exhibits increasing returns to scale?

30 May Shift 1

Which of the following cost curve has the shape of a rectangular hyperbola?

CUET Economics 2025 31 May Shift 1 PYQs