CUET Economics - 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. (C) Marginal cost is equal to both average cost and average variable costs at their respective minimum levels. (D) Average cost and average variable cost can never be equal to each other. Choose the correct answer from the options given below: | PYQs + Solutions

CUET Economics 2025 26 May Shift 2

Micro

Medium

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(A), (C) and (D) only

✅ Correct Option: 4

Related questions:

13 May Shift 1

The change in total cost per unit of change in output is known as by which name

30 May Shift 2

Arrange the given statements to show the impact on a firm's supply curve due to its determinants.

(A) Organisational innovation allows the firm to use fewer units of inputs.

(B) Any factor that affects a firm's marginal cost curve is a determinant of its supply curve.

(D) The marginal cost will shift downward.

Choose the correct answer from the options given below:

28 May Shift 1

What does the rectangle OVBq₀ depicts in the given figure?

CUET Economics 2025 26 May Shift 2 PYQs