How does technological progress affect the firms' supply curve? Option 1: Shift to the right. Option 2: Shift to the left. Option 3: Remain at same place. Option 4: Shift in vertical shape.

The answer is 'Shift to the right.'. View full solution:

CUET Economics - How does technological progress affect the firms' supply curve? | PYQs + Solutions

CUET Economics 2025 13 May Shift 1

Micro

Easy

Shift to the right.

Shift to the left.

Remain at same place.

Shift in vertical shape.

✅ Correct Option: 1

Related questions:

11th May Shift 1

The given the Cobb-Douglas production function

$Q = L^{2/3}K^{1/3}$ , which of the following is correct about this production function?

A. The firm produces Q amount of output using L and K inputs only.

B. The given production function exhibits decreasing returns to scale.

C. The given production function exhibits constant returns to scale.

D. The given production function exhibits increasing returns to scale.

Choose the correct answer from the options given below:

22 May Shift 2

Marginal product (MP) and the average product (AP) curves are inverse 'U'-shaped. which of the following is correct for AP and MP.

22 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Normal profit	(I) Minimum level of profit need by firm to be in business.
(B) Shut down point	(II) Minimum level of LRAC curve
(C) Break-even point	(III) Profit Over and above normal profit
(D) Super-normal profit	(IV) The point on which firm earn only normal profit.

Choose the correct answer from the options given below: