CUET Economics - The change in total cost per unit of change in output is known as by which name | PYQs + Solutions

CUET Economics 2025 13 May Shift 1

Micro

Easy

Average Cost

Variable Cost

Fixed Cost

Short Run Marginal Cost

✅ Correct Option: 4

Related questions:

27 May Shift 2

In inverse 'U'-shaped average product curve; as long as the value of Marginal Product remains higher than the value of the average product, in this condition the average product continues to ..........

30 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Production function	(I) $x_1^α x_2^β$
(B) Constant return to scale	(II) $α + β = 1$
(C) Increasing return to scale	(III) $α + β < 1$
(D) Decreasing return to scale	(IV) $α + β > 1$

Choose the correct answer from the options given below:

13 May Shift 1

Consider the production function $q = f(x_1, x_2)$ where the firm produces q amout of output $x_1$ amount of factor 1 and $x_2$ amount of factor 2. The firm decides to increase the employment level of both the factors t (t > 1). Identify the equation for decreasing returns to scale from the following.

CUET Economics 2025 13 May Shift 1 PYQs

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