CUET Economics - In a long run average cost curve which point is said to be the constant return to scale? | PYQs + Solutions

CUET Economics 2025 13 May Shift 2

Micro

Medium

Upward Slope

Minimum Point.

Mid-point in upward slope.

Downward Slope.

✅ Correct Option: 2

Related questions:

31 May Shift 1

When output increases with the same proportion as increase in inputs, this concept is known by?

Marginal diminishing returns.
Decreasing return to scale.
Increasing return to scale.
Constant Return to scale.

13 May Shift 1

Consider the production function $q = f(x_1, x_2)$ where the firm produces q amout of output $x_1$ amount of factor 1 and $x_2$ amount of factor 2. The firm decides to increase the employment level of both the factors t (t > 1). Identify the equation for decreasing returns to scale from the following.

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:

CUET Economics 2025 13 May Shift 2 PYQs

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