CUET Economics - What is the main purpose of Cost Reduction Technologies in business? | PYQs + Solutions

CUET Economics 2025 29 May Shift 1

Micro

Easy

To increase demand for a product.

To maintain price level and to increase profit margins.

To maintain high price in the market.

To reduce number of suppliers in the market.

✅ Correct Option: 2

Related questions:

13 May Shift 2

In the short run, which of the following condition is mandatory for a firm for its profit maximization at q₀?

27 May Shift 2

In inverse 'U'-shaped average product curve; as long as the value of Marginal Product remains higher than the value of the average product, in this condition the average product continues to ..........

2 June Shift 1

When Marginal Product is constant?

CUET Economics 2025 29 May Shift 1 PYQs

Keyboard Shortcuts