CUET Economics 2025 30 May Shift 1 PYQs

To increase the output by a certain proportion, if inputs need to be increased by more than that proportion, that condition lies in which of the following?

________ of an input is defined as the change in output per unit of change in the input when all other inputs are remain constant.

At the present level of production, the marginal revenue exceeds the marginal cost of production. In order to attain equilibrium, the producer should___