CUET Economics 2025 13 May Shift 2 - In given production function q = f(x_1, x_2) what is depicted by f(tx_1, tx_2) < tf(x_1, x_2). | PYQs + Solutions

CUET Economics 2025 13 May Shift 2

Micro

Medium

Constant returns to scale.

Increasing returns to scale.

Decreasing returns to scale

Marginal returns to scale.

✅ Correct Option: 3

Related questions:

16 May Shift 1

Match List-I with List-II

Choose the correct answer from the options given below:

13 May Shift 1

Which of the following conditions must hold for a firm to maximise its profit.

(A) Price= Short run marginal Cost

(B) Short Run marginal cost curve is non-decreasing

(D) Price ≥ Average variable cost

Choose the correct answer from the options given below:

29 May Shift 2

Which statement is incorrect in the context of relationship between AVC and SMC?

CUET Economics 2025 13 May Shift 2 PYQs