CUET Economics 2025 29 May Shift 1Micro > MediumChange in consumer's preference.Change in price of related goods.Advancement of technology.Government policy.✅ Correct Option: 3Related questions:28 May Shift 1How is the value of the average product calculated in the short-run? By dividing the total product by the number of labor. By dividing the change in total product by the change in labor. By dividing the change in total product by the number of labor. By dividing the total product by the change in labor. 30 May Shift 2Match List-I with List-II List-IList-II(A) Production function(I) x1αx2βx_1^α x_2^βx1αx2β(B) Constant return to scale(II) α+β=1α + β = 1α+β=1(C) Increasing return to scale(III) α+β<1α + β < 1α+β<1(D) Decreasing return to scale(IV) α+β>1α + β > 1α+β>1 Choose the correct answer from the options given below:3 June Shift 2In the short run, the shape of the average fixed cost curve for a typical firm is?