CUET Economics - Marginal product (MP) and the average product (AP) curves are inverse 'U'-shaped. which of the following is correct for AP and MP. | PYQs + Solutions

CUET Economics 2025 22 May Shift 2

Micro

Medium

Average product curve cuts the marginal product curve from above at the maximum point of marginal product curve.

Average product curve cuts the marginal product curve from above at the minimum point of marginal product curve.

Marginal product curve cuts the average product curve from above at the minimum point of average product curve

Marginal product curve cuts the average product curve from above at the maximum point of average product curve.

✅ Correct Option: 4

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If the production is increased to 300 vases, what will happen to Fixed cost per unit?

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Set of all possible combinations of the two inputs that yield the same maximum possible level of output is known as.........

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Match List-I with List-II

List-I	List-II
(A) The minimum level of profit that is needed to keep a firm in the existing business.	(I) Super-normal profit
(B) Profit that a firm earns over and above the normal profit.	(II) Loss
(C) AR = AC	(III) Break even point
(D) The point of minimum average cost at which the supply curve cuts the AC curve.	(IV) Normal Profit

Choose the correct answer from the options given below:

CUET Economics 2025 22 May Shift 2 PYQs