CUET Economics - In an economy producing only two goods X and Y, the opportunity cost of producing 5 units of good X is 3 units of good Y. The above statement implies that _____. (choose the correct option) | PYQs + Solutions

CUET Economics 2025 15 May Shift 1

Micro

Easy

A combination of 5X and 3Y can be produced in the economy.

A combination of 3X and 5Y can be produced in the economy.

To produce 5 units of good X, production of good Y needs to be reduced by 3 units.

To produce 3 units of good X, production of good Y needs to be reduced by 5 units.

✅ Correct Option: 3

Related questions:

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When more workers are hired, the land begins to get 'crowded'. Each worker now has insufficient land to work efficiently. So the output added by each additional worker is now proportionally less as a result the marginal product begins to __________.

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Match List-I with List-II

List-I	List-II
(A) The minimum level of profit that is needed to keep a firm in the existing business.	(I) Super-normal profit
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Choose the correct answer from the options given below:

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CUET Economics 2025 15 May Shift 1 PYQs

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