CUET Economics - 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:

22 May Shift 2

Suppose that the unit tax imposed by the government is Rs 50. Then, if the firm produces and sells 100 units of the good, the total tax that the firm must pay to the government is ...................

26 May Shift 2

Which of the following are correct about the short run cost concepts?

(A) Both the average cost and average variable cost curves are U-shaped.

(B) Average cost and average variable cost curves are parallel to each other.

(D) Average cost and average variable cost can never be equal to each other.

Choose the correct answer from the options given below:

21 May Shift 1

Which of the following is true about the law of variable proportions?

(A) Total product eventually declines.

(B) Average product is an inverse U shaped curve.

(D) Marginal product can never be negative.

Choose the correct answer from the options given below:

CUET Economics 2025 22 May Shift 1 PYQs

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