Which of the following conditions must hold for a firm to maximise its profit. (A) Price= Short run marginal Cost (B) Short Run marginal cost curve…
CUET UG 2025 — Economics Micro
Which of the following conditions must hold for a firm to maximise its profit.
(A) Price= Short run marginal Cost
(B) Short Run marginal cost curve is non-decreasing
(C) Price ≤ Marginal Cost
(D) Price ≥ Average variable cost
Choose the correct answer from the options given below:
Held on 13 May 2025 · Verified 13 Jul 2026.
Options
- A
(B), (C) and (D) only
- B
(A), (B) and (C) only
- C
(A), (B), (C) and (D)
- D
(A), (B) and (D) only
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