UGC NET Cost curves Previous Year Questions
JRFSmart holds 9 previous-year questions on Cost curves from UGC NET Commerce (Paper 2), filed under Unit 3: Business Economics, drawn from 8 of the 22 exam papers in the bank (2019–2025). Each question can be practised with a full explanation and shows how often NTA has returned to the same idea.
What is asked in Cost curves
The questions in this topic fall under these subtopics, ordered by how many previous-year questions each has.
| Subtopic | Questions |
|---|---|
| U-shaped long-run average cost | 2 |
| Economies of scale | 1 |
| Short-run cost relationships | 1 |
| MC and AC relationship | 1 |
| Long-run average cost curve | 1 |
| Shapes of the long-run average cost curve | 1 |
| Relationship between average cost and marginal cost | 1 |
| Shape of the average fixed cost curve | 1 |
NTA repeat analysis
Cost curves appears in 8 of 22 papers (36%), which JRFSmart rates as high frequency.
Sample previous-year questions
Which of the following curves cannot be U-shaped?
Which one of the following is NOT true about the relationship between Average Cost (AC) and Marginal Cost (MC)?
Empirical studies that long run average cost (LAC) curve is
Which of the following shapes are used to describe the long-run average cost curve? A. S-shape B. L-shape C. V-shape D. U-shape E. W-shape Choose the correct answer from the options given below:
A U-shaped long-run average cost curve is based on the assumptions that: (1) Greater division of labor and specialization accrue to larger firms (2) Minimum cost of production at various levels of output (3) Economies of scale prevail at small levels of…
A U- shaped long-run average cost curve is based on the assumption that (1) Economies of scale prevail at small levels of output (2) Diseconomies of scale prevail at larger levels of output (3) Benefits of the division of labor and specialization accrue more…
Under which of the following situations, economies of scale exists to the potential and persists?
Which two of the following statements are correct? (a) In the short - run, delta TFC = 0, therefore delta TC = delta TVC (b) If decrease in AFC increase in AVC, then AC increases Choose the correct from the options given below:
Showing 8 of 9 questions, without answers. Practise the full set with options, the official answer and JRFSmart's explanations.
Practise Cost curves
All 9 questions, one topic, with explanations and repeat data. One topic in every unit is free.
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