The relationship between inputs and outputs of a firm is given by ___________ Option 1: Cost Function Option 2: Production function Option 3: Opportunity cost Option 4: Revenue function

The answer is 'Production function'. View full solution:

CUET Economics - The relationship between inputs and outputs of a firm is given by ___________ | PYQs + Solutions

CUET Economics 2025 29 May Shift 1

Micro

Easy

Cost Function

Production function

Opportunity cost

Revenue function

✅ Correct Option: 2

Related questions:

26 May Shift 2

Which of the following are correct about the short run cost concepts?

(A) Both the average cost and average variable cost curves are U-shaped.

(B) Average cost and average variable cost curves are parallel to each other.

(D) Average cost and average variable cost can never be equal to each other.

Choose the correct answer from the options given below:

22 May Shift 2

When more and more workers are applied on the fixed land then the marginal productivity of additional worker will ............... to the total output.

14 May Shift 1

Match List-I with List-II

List–I	List–II
(A) A proportional increase in all inputs results in an increase in output by a smaller proportion	(I) Constant returns to scale
(B) A proportional increase in all inputs results in an increase in output by a larger proportion	(II) Law of variable proportions
(C) A proportional increase in all inputs results in an increase in output by the same proportion	(III) Decreasing Returns to Scale
(D) Factor proportions change as long as one factor is held constant and the other factors increases	(IV) Increasing Returns to Scale

Choose the correct answer from the options given below:

CUET Economics 2025 29 May Shift 1 PYQs

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