CUET Economics - A profit-maximizing firm will attain its equilibrium at that level of output where? | PYQs + Solutions

CUET Economics 2025 26 May Shift 2

Micro

Easy

The excess of total revenue over total cost is maximum.

Where the excess of total cost over total revenue is maximum.

Where the excess of marginal revenue over marginal cost is maximum.

Where the excess of marginal cost over marginal revenue is maximum.

✅ Correct Option: 1

Related questions:

3 June Shift 1

Match List-I with List-II

List-I	List-II
(A) Total Cost	(I) Change in total cost when an additional unit of output is produced.
(B) Marginal Cost	(II) Vertical summation of Average Fixed Cost (AFC) and Average Variable Cost (AVC) curves.
(C) Fixed Cost	(III) Explicit Costs + Implicit Costs.
(D) Short period Average Cost (AC) Curve	(IV) Does not change with increase or decrease in output.

Choose the correct answer from the options given below:

3 June Shift 2

Choose the correct statements considering the relationship between marginal product and average product.

(A) Average product and marginal product curve are 'U'shaped.

(B) Average product and marginal product curve are inverse 'U'shaped.

(D) When the average product decreases, the marginal product is less than the average product.

Choose the correct answer from the options given below:

15 May Shift 1

Identify the correct sequence for a firm operating in the short run.

(A) Total product increases at a decreasing rate.

(B) Marginal product becomes zero

(D) More and more units of variable factor are employed.

Choose the correct answer from the options given below:

CUET Economics 2025 26 May Shift 2 PYQs