CUET Economics - The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called? | PYQs + Solutions

CUET Economics 2025 13 May Shift 1

Micro

Medium

Production Possibility Frontier

Isoquant Curve

Production Possibility Set

Isocost Line

✅ Correct Option: 3

Related questions:

29 May Shift 1

In Microeconomics, what does supply refer to?

15 May Shift 1

Match List-I with List-II (TP : TOTAL PRODUCT; L: UNITS OF LABOUR)

List-I	List-II
(A) $TP/L$	(I) Total Product is maximum
(B) $\Delta TP/\Delta L$	(II) Marginal product
(C) $\sum MP$	(III) Total product
(D) $MP=0$	(IV) Average Product

Choose the correct answer from the options given below:

28 May Shift 1

A firm increased the capital by a unit, which led to a rise in total product from 10 units to 24 units. Further increase in capital in the same quantity leads to an increase in total product to 40 units. What is the difference in change in marginal product?

CUET Economics 2025 13 May Shift 1 PYQs

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