CUET Economics - According to the law of variable proportions, the marginal product of an input initially rises and then after a certain level of employment, it starts falling. The MP curve therefore looks like: | PYQs + Solutions

CUET Economics 2025 13 May Shift 2

Micro

Medium

'U' Shaped

Convex to Origin.

'L' Shaped.

Inverse 'U' Shaped.

✅ Correct Option: 4

Related questions:

3 June Shift 1

The problem of 'what to produce' relates to?

22 May Shift 2

Marginal product (MP) and the average product (AP) curves are inverse 'U'-shaped. which of the following is correct for AP and MP.

21 May Shift 1

Manoj is a seller in a market where more can be sold only by lowering the price of the goods. Which of the following will be true about his revenue.

(A) Total revenue will increase at a constant rate.

(B) Average revenue will be more than his marginal revenue at all the levels of output sold.

(D) Marginal revenue can be zero at some level of output sold.

Choose the correct answer from the options given below:

CUET Economics 2025 13 May Shift 2 PYQs