CUET Economics 2025 29 May Shift 1 PYQs

The shape of the average product and marginal product curves are...................

1. Both Inverse 'U' Shaped
2. Both 'U' Shaped
3. AP 'U' Shaped and MP Inverse 'U' Shaped
4. MP 'U' Shaped and AP Inverse 'U' shaped

What happens to the total cost (TC) of production if the quantity of output in the production is reduced to 0 (zero)?

Where, TC=Total cost, FC=Fixed Cost, VC=Variable Cost.

Find the correct statements from the following in respect to production:

A. Average Product of Labour ($AP_L$)= Total Product of Labour / Labor.

B. Marginal Product of Labour ($MP_L$)= Change in total Product of Labour / Change in Labour.

C. Addition input gives constant return in increasing return to scale concept.

D. Law of variable proportions say that the marginal product of a factor input initially rises with its employment level, then after certain level it start falling.

Choose the correct answer from the options given below: