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 2The optimum output will be when the relationship between LRMC and LRAC.21 May Shift 1Which 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:27 May Shift 2In the short run, the shape of marginal cost, average variable cost and short run average cost curves are: