CUET Economics 2025 16 May Shift 1Micro > Medium1234✅ Correct Option: 3Related questions:28 May Shift 2When the output is zero in the short run. Which of the following costs are undefined?31 May Shift 1From the following which is incorrect with respect to firm's profit maximization in long run? Price = Long Run Marginal Cost LRMC is first decreasing and then increasing Price = Short Run Marginal Cost Price ≥ Long Run Average Variable Cost 3 June Shift 2In the short run, the shape of the average fixed cost curve for a typical firm is?