Choose the incorrect option from the following with reference to production in the short run. Option 1: The law of variable proportions is applicable. Option 2: The firm can change more than one factor in short run. Option 3: The firm experiences returns to a factor. Option 4: The law of diminishing marginal returns is applicable.

The answer is 'The firm can change more than one factor in short run.'. View full solution:

CUET Economics - Choose the incorrect option from the following with reference to production in the short run. | PYQs + Solutions

CUET Economics 2025 15 May Shift 1

Micro

Medium

The law of variable proportions is applicable.

The firm can change more than one factor in short run.

The firm experiences returns to a factor.

The law of diminishing marginal returns is applicable.

✅ Correct Option: 2