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:

3 June Shift 1

Chronologically, arrange the following statements in the context of shape of AP curve.

(A) MP starts falling, the AP continues to rise as long as MP remains higher than AP.

(B) At the first level of output, the MP and the AP are the same.

(D) MP rises, AP being the average of marginal products, also rises, but rises less than MP.

Choose the correct answer from the options given below:

16 May Shift 1

Which of the following is true regarding supply of a commodity?

(A) Technological progress leads to a decrease in the supply of a commodity.

(B) When the price of inputs rises, the supply curve of the good shifts to the left.

(D) Imposition of a unit tax on a firm shifts the supply curve of the goods produced by the firm to the left.

Choose the correct answer from the options given below:

13 May Shift 2

To increase the output by a certain proportion, if inputs need to be increased by more than that proportion, that condition lies in which of the following?

CUET Economics 2025 22 May Shift 1 PYQs

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