CUET Economics 2025 14 May Shift 1 PYQs

A firm produce q amount of output using x₁ amount of factor 1 and x₂ amount of factor 2.

Match List-I with List-II

List-I	List-II
(A). Cobb-Douglas Production Function	(I). f(x₁, x₂) = L f (x₁, x₂)
(B). Constant returns to scale	(II). f(ξx₁, tx₂) = t f (x₁, x₂)
(C). Increasing returns to scale	(III). q = x₁ᵃ x₂ᵇ
(D). Decreasing returns to scale	(IV). f(x₁, x₂) = Lf (x₁, x₂)

Choose the correct answer from the options given below:

Arrange the following statements in the context of "U" shaped SAC curve.

(A) SAC is the sum of AVC and AFC.

(B) SAC falls when AVC and AFC decrease.

(C) When the fall in AFC is greater than the rise in AVC and SAC is still falling.

(D) When a rise in AVC becomes greater than the fall in AFC, SAC rises.

Choose the correct answer from the options given below:

In the production of clothes, cotton is defined as................

1. capital
2. Input.
3. Final Output.
4. Intermediate output