Select the correct statements in respect to the relationship between short-run cost curves. A. Marginal cost (SMC), average variable cost(AVC) and short run average cost curves(SMC) are 'U' shaped. B. SMC curve cuts the AVC curve from below at the minimum point of AVC. C. AVC curve cuts the SMC curve from below at the minimum point of SMC. D. SMC curve cuts the SAC curve from below at the minimum point of SAC. Choose the correct answer from the options given below:

Question

Option 1: A, B and C only

Option 2: A, B and D only

Option 3: A, B, C and D

Option 4: B, C and D only

AfterBoards · Accepted Answer

The answer is 'A, B and D only'. View full solution:

List-I	List-II
(A) Payments by a firm for inputs.	(I) Cost of production
(B) Output sold by a firm in the market.	(II) Revenue
(C) Inputs are transformed into output.	(III) Production
(D) Objective of a firm to maximize.	(IV) Profit

CUET Economics 2026 21st May Shift 2 PYQs

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