CUET Economics 2025 30 May Shift 2 PYQs

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

Keeping the capital as a fixed input, as 3, when the quantity of labor changes from 3 to 4, the total product with labor also rises from 40 to 50 units. What is the average product after the change?

1. 50
2. 13.33
3. 12.5
4. 40

If the marginal rate of transformation is constant throughout, the production Possibilities Frontier will be