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:

CUET Economics 16 May Shift 1

Which of the following is true regarding supply of a commodity?

(A) Technological progress leads to a decrease in the supply of a commodity.

(B) When the price of inputs rises, the supply curve of the good shifts to the left.

(D) Imposition of a unit tax on a firm shifts the supply curve of the goods produced by the firm to the left.

Choose the correct answer from the options given below:

CUET Economics 26 May Shift 2

A firm is operating in a market where it can sell more only by lowering the price of the good. Arrange the changes in total revenue of this firm in a sequential order.

(A) Total revenue falls.

(B) Total revenue starts from origin.

(D) Total revenue reaches its maximum.

Choose the correct answer from the options given below:

CUET Economics 14 May Shift 1

Match List-I with List-II

List–I	List–II
(A) Total variable cost	(I) TR – (TVC + TFC)
(B) Total Revenue	(II) TVCₙ – TVCₙ₋₁
(C) Profit	(III) Average variable cost × Quantity
(D) Marginal cost	(IV) Price × Quantity

Choose the correct answer from the options given below:

CUET Economics 2025 16 May Shift 1 PYQs

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