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:

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What is the main purpose of Cost Reduction Technologies in business?

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The total cost of a firm is Rs 80 for 3 units of output, Rs 95 for 4 units of output, and Rs. 115 for 5 units of output. What is the marginal cost for the 5th unit of output?

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Match the LIST-I with LIST-II

LIST-I		LIST-II
A. Production function	I.	Additional Product with change in input.
B. Marginal Product (MP)	II.	Marginal product first increases and then begins to fall.
C. Law of variable proportions	III.	Change in output due to change in factors.
D. Returns to Scale	IV.	Relationship between inputs used and output produced.

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CUET Economics 2025 13 May Shift 1 PYQs

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