CUET Economics - Which of the following is not true? | PYQs + Solutions

CUET Economics 2025 16 May Shift 1

Micro

Medium

The production function of a firm is a monetary relationship between inputs used and output produced by the firm.

The production function gives the maximum quantity of output that can be produced.

A production function deals only with the efficient use of inputs.

A production function is defined for a given technology.

✅ Correct Option: 1

Related questions:

13 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Relationship between the variable input and output.	(I) Average Product
(B) Output per unit of variable input.	(II) Marginal Product
(C) Change in output per unit of change in the input	(III) Law of variable proportions
(D) The marginal product of a factor input initially rises with its employment level	(IV) Total Product

Choose the correct answer from the options given below:

15 May Shift 1

Identify the correct sequence for a firm operating in the short run.

(A) Total product increases at a decreasing rate.

(B) Marginal product becomes zero

(D) More and more units of variable factor are employed.

Choose the correct answer from the options given below:

30 May Shift 2

The point of minimum average cost at which the supply curve cuts the long run average cost curve is called?

CUET Economics 2025 16 May Shift 1 PYQs