CUET Economics 2025 22 May Shift 1 - 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:

16 May Shift 1

If the marginal cost(MC) of a perfectly competitive firm is as given below and the price of the product is Rs 15, find the profit-maximizing output of the firm.

output	1	2	3	4	5	6
MC	18	15	10	12	15	24

29 May Shift 2

Which statement is incorrect in the context of relationship between AVC and SMC?

13 May Shift 1

________ of an input is defined as the change in output per unit of change in the input when all other inputs are remain constant.

CUET Economics 2025 22 May Shift 1 PYQs

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