Change in total cost per unit of change in output is defined as: Option 1: Short run marginal cost. Option 2: Average fixed cost. Option 3: Short run average cost. Option 4: Average variable cost.

The answer is 'Short run marginal cost.'. View full solution:

CUET Economics - Change in total cost per unit of change in output is defined as: | PYQs + Solutions

CUET Economics 2025 13 May Shift 2

Micro

Easy

Short run marginal cost.

Average fixed cost.

Short run average cost.

Average variable cost.

✅ Correct Option: 1

Related questions:

30 May Shift 2

The shape of the long-run average cost curve and long-run marginal cost curve.

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Which of the following is/are true about the short run costs?

(A) Marginal cost is the slope of total variable cost.

(B) Average fixed cost curve is a downward sloping rectangular hyperbola.

(D) Average variable cost curve and average cost curve are parallel to each other.

Choose the correct answer from the options given below:

16 May Shift 1

If the total revenue curve of a firm is an upward sloping straight line, then which of the following is true for this firm?