The difference between the revenue and cost is known as________ Option 1: Cost of Production Option 2: Input cost Option 3: Marginal Cost Option 4: Profit

The answer is 'Profit'. View full solution:

CUET Economics - The difference between the revenue and cost is known as________ | PYQs + Solutions

CUET Economics 2025 13 May Shift 1

Micro

Easy

Cost of Production

Input cost

Marginal Cost

Profit

✅ Correct Option: 4

Related questions:

13 May Shift 2

According to the law of variable proportions, the marginal product of an input initially rises and then after a certain level of employment, it starts falling. The MP curve therefore looks like:

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:

3 June Shift 1

Identify the correct statements from the following:

(A) As long as MP>AP, the average Product (AP) can rise even when the Marginal Product (MP) is falling.

(B) The law of variable proportions operates only if the factor ratio happens to change.

(D) Marginal Product (MP) = Average Product (AP), when AP is maximum.

Choose the correct answer from the options given below:

CUET Economics 2025 13 May Shift 1 PYQs

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