CUET Economics 2025 22 May Shift 1 - For the firm to continue to produce, in the long run, price must be greater than the average cost (p > AC) and in the short run, price must be greater than the ...... | PYQs + Solutions

CUET Economics 2025 22 May Shift 1

Micro

Medium

Average variable cost.

Average fixed cost.

Marginal cost.

Total cost.

✅ Correct Option: 1

Related questions:

28 May Shift 2

The total cost is equal to Rs.95 for 7 units of output and Rs.115 for 8 units of output. What is the marginal cost at the quantity of 8th unit?

15 May Shift 1

Choose the correct options with reference to short-run average costs.

(A) Average total cost = total cost / quantity of output

(B) Average total cost = average variable cost + average fixed cost

(D) Average fixed cost = average variable cost - average cost

Choose the correct answer from the options given below:

30 May Shift 1

At zero level of output ,if the total cost(TC) is 20. What will be the value of the Average Fixed cost (AFC) at the 6th level of output?

CUET Economics 2025 22 May Shift 1 PYQs