CUET Economics - If the total revenue curve of a firm is an upward sloping straight line, then which of the following is true for this firm? | PYQs + Solutions

CUET Economics 2025 16 May Shift 1

Micro

Medium

Marginal revenue is falling.

Marginal revenue is increasing.

Marginal revenue is always equal to average revenue.

marginal revenue is greater than average revenue.

✅ Correct Option: 3

Related questions:

6th June Shift 1

The marginal product of an input factor initially rises with its employment level and then, after a certain level of employment, it starts falling. this is known as:

23rd May Shift 1

Match the LIST-I with LIST-II

LIST-I		LIST-II
A. Production function	I.	Additional Product with change in input.
B. Marginal Product (MP)	II.	Marginal product first increases and then begins to fall.
C. Law of variable proportions	III.	Change in output due to change in factors.
D. Returns to Scale	IV.	Relationship between inputs used and output produced.

Choose the correct answer from the options given below:

28 May Shift 2

At the positive level of output, where a firm's profit is maximized, the following conditions must hold.

(A) $p = LRMC$

(B) LRMC is non-decreasing at $q_0$

(D) $p \geq$ min. LRAC

Choose the correct answer from the options given below:

CUET Economics 2025 16 May Shift 1 PYQs

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