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:

13 May Shift 1

How does technological progress affect the firms' supply curve?

22 May Shift 2

From the following statements about a firm's supply curve, select the correct statements:

(A) Technological progress is expected to shift the supply curve of a firm to the right.

(B) An increase in input prices is expected to shift the supply curve of a firm to the left.

(D) The imposition of a unit tax shifts the supply curve of a firm to the left.

Choose the correct answer from the options given below:

22 May Shift 2

Match List-I with List-II

Choose the correct answer from the options given below:

CUET Economics 2025 13 May Shift 2 PYQs