CUET Economics 2025 14 May Shift 1Micro > MediumMarginal cost = Total costMarginal cost = Average costMarginal cost < Average costMarginal cost > Average cost✅ Correct Option: 4Related questions:22 May Shift 2Suppose that the unit tax imposed by the government is Rs 50. Then, if the firm produces and sells 100 units of the good, the total tax that the firm must pay to the government is ...................15 May Shift 1Identify the correct sequence to establish the relation between marginal cost and average cost. (A) When Marginal cost falls, average cost also falls. (B) Marginal cost rises but average cost continues to fall. (C) Marginal cost is equal to average cost. (D) Marginal cost rises and average cost also rises. Choose the correct answer from the options given below:27 May Shift 2At the minimum point of the long run average cost curve .......... is observed.