CUET Economics 2025 28 May Shift 1 PYQs

Choose the correct statements considering the relationship between marginal product and average product.

(A) Average product and marginal product curve are 'U'shaped.

(B) Average product and marginal product curve are inverse 'U'shaped.

(C) When the average product increases, the marginal product is greater than the average product.

(D) When the average product decreases, the marginal product is less than the average product.

Choose the correct answer from the options given below:

The cost of a firm has increased from Rs. $67$ to Rs. $80$ when the units of cotton production rose from $8$ to $9$. Calculate the marginal cost of a firm?

Arrange the following in correct sequence to attain equilibrium under perfect competition.

(A) LRMC start rising.

(B) Both LRAC and LRMC fall.

(C) Both LRAC and LRMC rises.

(D) LRMC cuts LRAC from below.