CUET Economics 2025 3 June Shift 1 PYQs

Identify the correct statements from the following in the context of normal profit and break-even point (BEP).

(A) BEP is the point at which a firm earns only normal profit.

(B) A perfectly competitive firm earns normal profit in long run.

(C) Profit level that keeps a firm in the existing business is called super-normal profit.

(D) Profit level that keeps a firm in the existing business is called normal profit.

Choose the correct answer from the options given below:

In the perfectly competitive market, if 10 packets of bread are sold at the price of Rs. 25 per packet, what will be the total revenue of a bread manufacturer?

1. Rs. 25
2. Rs. 250
3. Rs. 0.4
4. Rs. 2.5

Arrange the following in ascending order as impact of the unit tax on supply :

(A) After imposition of unit tax ,firm will supply less unit of output

(B) Firm's long run average cost and marginal cost increases by Rs.t

(C) A unit tax is that tax which is imposes on per unit sale of output.

(D) suppose the government place a unit tax of Rs,t

Choose the correct answer from the options given below: