In long run as long as average cost is falling, marginal cost must be less than the ....... Option 1: Total Fixed Cost. Option 2: Average Variable Cost. Option 3: Average cost. Option 4: Total Cost.

The answer is 'Average cost.'. View full solution:

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:

30 May Shift 1

What will be the average variable cost (AVC) for producing 200 vases?

28 May Shift 1

What does the rectangle OVBq₀ depicts in the given figure?

30 May Shift 2

Choose the correct statements from the options given below in terms of the shapes of the short run cost curves.

(A) Average fixed cost curve is a rectangular hyperbola.

(B) Total fixed cost is horizontal straight line.

(D) Marginal cost is U shaped.

Choose the correct answer from the options given below: