Average Fixed Cost (AFC) is indicated by? Option 1: A rectangular hyperbola. Option 2: A straight line parallel to X axis. Option 3: A straight line parallel to Y axis. Option 4: A U- shaped curve.

The answer is 'A rectangular hyperbola.'. View full solution:

Avera>= Fixed Cost (AFC) is indicated by?

A straight line paral<=l to X axis.

A straight line paral<=l to Y axis.

CUET Economics 2025 2 June Shift 1

Micro

Medium

A rectangular hyperbola.

A straight line parallel to X axis.

A straight line parallel to Y axis.

A U- shaped curve.

✅ Correct Option: 1

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in the long run when the average cost is rising, marginal cost must be.

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List–I	List–II
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(B) A proportional increase in all inputs results in an increase in output by a larger proportion	(II) Law of variable proportions
(C) A proportional increase in all inputs results in an increase in output by the same proportion	(III) Decreasing Returns to Scale
(D) Factor proportions change as long as one factor is held constant and the other factors increases	(IV) Increasing Returns to Scale

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