________ of an input is defined as the change in output per unit of change in the input when all other inputs are remain constant. Option 1: Marginal Product. Option 2: Average Product. Option 3: Total Product. Option 4: Returns to Scale.

The answer is 'Marginal Product.'. View full solution:

CUET Economics - ________ of an input is defined as the change in output per unit of change in the input when all other inputs are remain constant. | PYQs + Solutions

CUET Economics 2025 13 May Shift 1

Micro

Easy

Marginal Product.

Average Product.

Total Product.

Returns to Scale.

✅ Correct Option: 1

Related questions:

29 May Shift 1

Which of the following is an example of Cost-Reduction Technology in a business?

14 May Shift 1

Match List-I with List-II

List–I	List–II
(A) Total variable cost	(I) TR – (TVC + TFC)
(B) Total Revenue	(II) TVCₙ – TVCₙ₋₁
(C) Profit	(III) Average variable cost × Quantity
(D) Marginal cost	(IV) Price × Quantity

Choose the correct answer from the options given below:

28 May Shift 1

How is the value of the average product calculated in the short-run?