CUET Economics - As long as decreasing returns to scale operates, as the firm increases output, the average cost must be ................ | PYQs + Solutions

CUET Economics 2025 30 May Shift 2

Micro

Medium

Rising

Falling

Constant

Equal to output

✅ Correct Option: 1

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Set of all possible combinations of the two inputs that yield the same maximum possible level of output is known as.........

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A profit-maximizing firm will attain its equilibrium at that level of output where?

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Which of the following statements are true with regard to the production?

(A) In the short run, at least one of the factors of production remains fixed.

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(D) In the long run, factors of production can be classified into fixed and variable

CUET Economics 2025 30 May Shift 2 PYQs