CUET Economics - The marginal product of an input initially rises and then after a certain level of employment, it starts falling, thus MP curve looks like an inverse 'U'- shaped curve. This condition is under ............ | PYQs + Solutions

CUET Economics 2025 27 May Shift 2

Micro

Easy

Decreasing Returns to Scale.

Law of Variable Proportions.

Increasing Returns to Scale.

Constant Returns to Scale.

✅ Correct Option: 2

Related questions:

21 May Shift 1

If the supply curve of a good cuts the price axis in its positive range and as we extend the straight line, it cuts the quantity-axis at its negative range, the elasticity of supply for the good will be:

13 May Shift 1

Shape of Average Fixed Cost Curve is:

15 May Shift 1

Choose the correct options with reference to short-run average costs.

(A) Average total cost = total cost / quantity of output

(B) Average total cost = average variable cost + average fixed cost

(D) Average fixed cost = average variable cost - average cost

Choose the correct answer from the options given below:

CUET Economics 2025 27 May Shift 2 PYQs

Keyboard Shortcuts