If average variable cost (AVC) curve is an upward sloping straight line through the origin, then the marginal cost curve will be an ________.
Tap an option to check your answer.
2 marks, −0.667MicroeconomicsCosts of productionShort-run cost curves and their relationshipsHardabout 2 min
IIT JAM 2025 Question 25: Costs of production
Answer and worked solution
Checking your account…
Costs of production has come up 83 times in 7 exams since 2006.
What this question tests
This question is on Short-run cost curves and their relationships, part of Costs of production in Microeconomics.
Fixed, variable, average and marginal cost, and how marginal cost relates to average cost.
TestStop has 17 past-paper questions on this subtopic; the nearest in year are below.
Similar questions from other papers
- A zero economic profit means that the firm is earning a
- In terms of the general relations among total cost, average cost and marginal cost, which of the following statements is/are FALSE?
- A single-input production function is given by Q=L⁰·²⁵, where Q>0 and L>0 denote output and the single input. The unit price of L is w>0. The cost is C₁ when no output…
- Which of the following level of utilization is considered as "Normal" by a firm?
- If the marginal cost of a firm is given as the function of output, C′(Q) = 2 e^(0.2Q) and if the fixed cost is 75, find the total cost function.
Question from the IIT JAM 2025 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.