CUET Economics 2025 22 May Shift 2Micro > MediumAverage 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 curveMarginal product curve cuts the average product curve from above at the maximum point of average product curve.✅ Correct Option: 4Related questions:CUET Economics 3 June Shift 2Match List-I with List-II List-IList-II(A) Payments by a firm for inputs.(I) Cost of production(B) Output sold by a firm in the market.(II) Revenue(C) Inputs are transformed into output.(III) Production(D) Objective of a firm to maximize.(IV) Profit Choose the correct answer from the options given below:CUET Economics 21 May Shift 1Which of the following is/are true about the short run costs? (A) Marginal cost is the slope of total variable cost. (B) Average fixed cost curve is a downward sloping rectangular hyperbola. (C) Average variable cost curve is a U shaped curve. (D) Average variable cost curve and average cost curve are parallel to each other. Choose the correct answer from the options given below:CUET Economics 14 May Shift 1Any allocation of resources by the society would result in the _____ of a particular combination of different goods and services. Consumption Production Exchange Demand and supply