CUET Economics 2025 30 May Shift 1Micro > Easy50,00060,00025,00040,000✅ Correct Option: 1Related questions: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:29 May Shift 2Arrange the following statements in chronological order in respect to the impact of a unit tax on supply: (A) Imposition of unit tax increases the price of commodities. (B) Increased prices will lead to an increase in LRAC and LRMC. (C) The firm's long run supply curve shifts to the left. (D) At any given market price, the firm supplies fewer units of output. Choose the correct answer from the options given below:30 May Shift 2The point of minimum average cost at which the supply curve cuts the long run average cost curve is called?