CUET Economics 2025 13 May Shift 2 PYQs

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.

(C) Average variable cost curve is a U shaped curve.

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

Choose the correct answer from the options given below:

The total cost is equal to Rs.95 for 7 units of output and Rs.115 for 8 units of output. What is the marginal cost at the quantity of 8th unit?

The tendency where marginal productivity first increases then starts falling is known as ______