CUET Economics - When output increases with the same proportion as increase in inputs, this concept is known by? 1. Marginal diminishing returns. 2. Decreasing return to scale. 3. Increasing return to scale. 4. Constant Return to scale. | PYQs + Solutions

CUET Economics 2025 31 May Shift 1

Micro

Easy

Marginal diminishing returns.

Decreasing return to scale.

Increasing return to scale.

Constant Return to scale.

✅ Correct Option: 4

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In given production function $q = f(x_1, x_2)$ what is depicted by $f(tx_1, tx_2) < tf(x_1, x_2)$ .

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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 ..........

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Match List-I with List-II

List-I	List-II
(A) Payments by a firm for inputs.	(I) Cost of production
(B) Output sold by a firm in the market.	(II) Revenue
(C) Inputs are transformed into output.	(III) Production
(D) Objective of a firm to maximize.	(IV) Profit

Choose the correct answer from the options given below:

CUET Economics 2025 31 May Shift 1 PYQs

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