CUET Economics - Match List-I with List-II | List-I | List-II | |---|---| | (A) Normal profit | (I) Minimum level of profit need by firm to be in business. | | (B) Shut down point | (II) Minimum level of LRAC curve | | (C) Break-even point | (III) Profit Over and above normal profit | | (D) Super-normal profit | (IV) The point on which firm earn only normal profit. | Choose the correct answer from the options given below: | PYQs + Solutions

CUET Economics 2025 22 May Shift 2

Micro

Medium

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

✅ Correct Option: 3

Related questions:

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:

29 May Shift 1

The relationship between inputs and outputs of a firm is given by ___________

15 May Shift 1

Identify the correct sequence to establish the relation between marginal cost and average cost.

(A) When Marginal cost falls, average cost also falls.

(B) Marginal cost rises but average cost continues to fall.

(D) Marginal cost rises and average cost also rises.

Choose the correct answer from the options given below:

CUET Economics 2025 22 May Shift 2 PYQs