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:

22 May Shift 2

Select the correct statements from the following with regard to cost curves :

(A) Short run marginal cost, average variable cost and short run average cost curves are 'U'-shaped.

(B) SMC curve cuts the AVC curve from below at the minimum point of AVC.

(D) Average fixed cost curve is downward sloping.

Choose the correct answer from the options given below:

29 May Shift 2

The shape of the average fixed cost curve is ........................

22 May Shift 2

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

CUET Economics 2025 16 May Shift 1 PYQs