The average fixed cost (AFC) decreases as output (q) increases. If we multiply any value q of output with its corresponding AFC, we always get a constant, namely ___________. Option 1: Average Fixed Cost Option 2: Average Variable Cost Option 3: Total Fixed Cost Option 4: Marginal Cost

The answer is 'Total Fixed Cost'. View full solution:

CUET Economics - The average fixed cost (AFC) decreases as output (q) increases. If we multiply any value q of output with its corresponding AFC, we always get a constant, namely ___________. | PYQs + Solutions

CUET Economics 2026 23rd May Shift 1

Micro

Easy

Average Fixed Cost

Average Variable Cost

Total Fixed Cost

Marginal Cost

✅ Correct Option: 3

Related questions:

14 May Shift 1

Match List-I with List-II

List–I	List–II
(A) A proportional increase in all inputs results in an increase in output by a smaller proportion	(I) Constant returns to scale
(B) A proportional increase in all inputs results in an increase in output by a larger proportion	(II) Law of variable proportions
(C) A proportional increase in all inputs results in an increase in output by the same proportion	(III) Decreasing Returns to Scale
(D) Factor proportions change as long as one factor is held constant and the other factors increases	(IV) Increasing Returns to Scale

Choose the correct answer from the options given below:

16 May Shift 1

If the marginal cost(MC) of a perfectly competitive firm is as given below and the price of the product is Rs 15, find the profit-maximizing output of the firm.

output	1	2	3	4	5	6
MC	18	15	10	12	15	24

3 June Shift 1

The problem of 'what to produce' relates to?

CUET Economics 2026 23rd May Shift 1 PYQs

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