CUET Economics - In long run as long as average cost is falling, marginal cost must be less than the ....... | PYQs + Solutions

CUET Economics 2025 22 May Shift 1

Micro

Easy

Total Fixed Cost.

Average Variable Cost.

Average cost.

Total Cost.

✅ Correct Option: 3

Related questions:

14 May Shift 1

Match List-I with List-II

List–I	List–II
(A) Total variable cost	(I) TR – (TVC + TFC)
(B) Total Revenue	(II) TVCₙ – TVCₙ₋₁
(C) Profit	(III) Average variable cost × Quantity
(D) Marginal cost	(IV) Price × Quantity

Choose the correct answer from the options given below:

3 June Shift 1

Match List-I with List-II

List-I	List-II
(A) The minimum level of profit that is needed to keep a firm in the existing business.	(I) Super-normal profit
(B) Profit that a firm earns over and above the normal profit.	(II) Loss
(C) AR = AC	(III) Break even point
(D) The point of minimum average cost at which the supply curve cuts the AC curve.	(IV) Normal Profit

Choose the correct answer from the options given below:

2 June Shift 1

When some resources are shifted from Use 1 to Use 2 (given technology), the Marginal Rate of Transformation will

CUET Economics 2025 22 May Shift 1 PYQs