CUET Economics - Any allocation of resources by the society would result in the _____ of a particular combination of different goods and services. 1. Consumption 2. Production 3. Exchange 4. Demand and supply | PYQs + Solutions

CUET Economics 2025 14 May Shift 1

Micro

Easy

Consumption

Production

Exchange

Demand and supply

✅ Correct Option: 2

Related questions:

14 May Shift 1

Match List-I with List-II

List–I	List–II
(A) A proportional increase in all inputs results in an increase in output by a smaller proportion	(I) Constant returns to scale
(B) A proportional increase in all inputs results in an increase in output by a larger proportion	(II) Law of variable proportions
(C) A proportional increase in all inputs results in an increase in output by the same proportion	(III) Decreasing Returns to Scale
(D) Factor proportions change as long as one factor is held constant and the other factors increases	(IV) Increasing Returns to Scale

Choose the correct answer from the options given below:

15 May Shift 1

Identify the correct sequence to establish the relation between marginal cost and average cost.

(A) When Marginal cost falls, average cost also falls.

(B) Marginal cost rises but average cost continues to fall.

(D) Marginal cost rises and average cost also rises.

Choose the correct answer from the options given below:

14 May Shift 1

In the long run marginal cost curve shape is ..........

CUET Economics 2025 14 May Shift 1 PYQs