CUET Economics 2025 15 May Shift 1Micro > MediumAs long as the AP increases, it must be the case that MP is greater than AP.when AP falls, MP has to be less than AP.MP curve cuts AP curve from above at its maximum.AP can fall even when MP is rising.✅ Correct Option: 4Related questions:30 May Shift 2Arrange the given statements to show the impact on a firm's supply curve due to its determinants. (A) Organisational innovation allows the firm to use fewer units of inputs. (B) Any factor that affects a firm's marginal cost curve is a determinant of its supply curve. (C) At any given market price, the firm now supplies more units of output. (D) The marginal cost will shift downward. Choose the correct answer from the options given below:3 June Shift 1Match List-I with List-II List-IList-II(A) Total Cost(I) Change in total cost when an additional unit of output is produced.(B) Marginal Cost(II) Vertical summation of Average Fixed Cost (AFC) and Average Variable Cost (AVC) curves.(C) Fixed Cost(III) Explicit Costs + Implicit Costs.(D) Short period Average Cost (AC) Curve(IV) Does not change with increase or decrease in output. Choose the correct answer from the options given below:16 May Shift 1Match List-I with List-II List-IList-II(A) Land(I) Interest(B) Labor(II) Profit(C) Capital(III) Wages(D) Entrepreneurship(IV) Rent Choose the correct answer from the options given below: