CUET Economics 2025 3 June Shift 1Micro > MediumOne factor is constant.Some factors are more efficient than others.Specialisation of factors.None of the factors are constant.✅ Correct Option: 1Related questions:20th May Shift 1Match List-I with List-II List-IList-II(A) Total Cost (TC)(I) Total variable cost/ Quantity (TVC/Q)(B) Average Variable Cost (AVC)(II) Total Fixed Cost / Quantity (TFC/Q)(C) Short run average cost (SAC)(III) Total Variable Cost + Total Fixed Cost.(D) Average fixed cost (AFC)(IV) Average Variable Cost + Average Fixed Cost. Choose the correct answer from the options given below:6th June Shift 1Match List-I with List-II List-IList-II(A) Constant returns to scale(I) When a proportional increase in all inputs results in an increase in output by a larger proportion.(B) Decreasing Returns to Scale(II) The relationship between inputs used and output produced by the firm.(C) Increasing Returns to Scale(III) When a proportional increase in all inputs results in an increase in output by a smaller proportion.(D) Production function(IV) When a proportional increase in all inputs results in an increase in output by the same proportion. Choose the correct answer from the options given below:28 May Shift 2Which of the following states that "The marginal product of a factor input initially rises with its employment level, but after reaching a certain level of employment, it starts falling"?