CUET Economics 2025 15 May Shift 1 PYQs

Change in total cost per unit of change in output is defined as:

Which of the following is true about the law of variable proportions?

(A) Total product eventually declines.

(B) Average product is an inverse U shaped curve.

(C) Marginal product becomes equal to Average product at its minimum.

(D) Marginal product can never be negative.

Choose the correct answer from the options given below:

Marginal product (MP) and the average product (AP) curves are inverse 'U'-shaped. which of the following is correct for AP and MP.