CUET Economics - 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: | PYQs + Solutions

CUET Economics 2026 19th May Shift 2

Micro

Medium

A, B and C only

A and B only

A, C and D only

B, C and D only

✅ Correct Option: 1

Related questions:

27 May Shift 2

In a perfectly competitive market, a firm produces and sells a certain amount of goods. Among the following what reflect the firm's profit?

3 June Shift 2

Arrange the given statements in chronological order stating the implications of free entry and exit assumptions in a equilibrium market.

(A) Supply curve shifts rightward, however demand remains unchanged.

(B) At the prevailing market price, each firm is earning a supernormal profit and will attract some new firms.

(D) All firms in the market are earning normal profit, no more firms will have incentive to enter.

Choose the correct answer from the options given below:

21st May Shift 2

Match the LIST-I with LIST-II

(SMC = Short run marginal cost, AVC = Average variable Cost, MR= Marginal Revenue)

	LIST-I		LIST-II
A.	Perfectly competitive Market	I.	Normal profit in the long run
B.	Point below where SMC curve cuts the AVC curve	II.	Break Even Point
C.	Supply curve cuts the SMC curve at minimum	III.	Shut Down Point
D.	MR is precisely the market price	IV.	Perfect Competition

Choose the correct answer from the options given below:

CUET Economics 2026 19th May Shift 2 PYQs