CUET Economics 2025 14 May Shift 1 - 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 | PYQs + Solutions

CUET Economics 2025 14 May Shift 1

Micro

Easy

Rs. 25

Rs. 250

Rs. 0.4

Rs. 2.5

✅ Correct Option: 2

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In perfectly competitive market, the demand curve of a firm is?

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Which of the following is true about the relationship between Total Revenue (TR) and Marginal Revenue (MR) in a perfectly competitive market?

(A) Total Revenue will increase at a constant rate.

(B) Marginal Revenue is more than Average Revenue.

(D) Marginal Revenue is equal to Average Revenue.

Choose the correct answer from the options given b-elow:

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The existence of a large number of buyers and sellers in the perfectly competitive market means?

CUET Economics 2025 14 May Shift 1 PYQs