CUET Economics - If there is a positive level of output at which a firm's profit is maximized in the long run, three conditions must hold at that output level are: A. P is equal to LRMC B. P is less than LRAC C. LRMC is non - decreasing D. P is greater than or equal to the minimum LRAC Choose the correct answer from the options given below: | PYQs + Solutions

CUET Economics 2026 15th May Shift 1

Micro

Medium

A, B and C only

B, C and D only

A, C and D only

A and B only

✅ Correct Option: 3

Related questions:

30 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Control Price	(I) Set below the equilibrium price
(B) Floor Price	(II) Fixed by the government for the labourers
(C) Minimum Wage Legislation	(III) Set above the equilibrium price
(D) Market Equilibrium	(IV) when demand and supply curve intersect.

Choose the correct answer from the options given below:

3 June Shift 1

In the context of perfect competition, which one of the following is not correct?

19th May Shift 2

A positive level of output at which a firm's profit is maximised must hold some conditions, Identify those conditions from the following:

A. The price must equal to marginal cost.

B. Marginal cost must be non-decreasing.

C. Price must be greater than or equal to the average variable cost.

D. The price should less than marginal cost.

Select the correct option from the following:

CUET Economics 2026 15th May Shift 1 PYQs