AfterBoards Logo
Skip to main contentSkip to solution

CUET Economics 2025 PYQs16 May Shift 1. Free, no login required.

Micro

past year questions, CUET Economics 2025 16 May Shift 1

Production & Costs

past year questions, Micro, CUET Economics 2025 16 May Shift 1

Easy

Match List-I with List-II

List-IList-II
(A) Land(I) Interest
(B) Labor(II) Profit
(C) Capital(III) Wages
(D) Entrepreneurship(IV) Rent

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 4

Option 1 -> Land-Interest, Labor-Profit, Capital-Wages, Entrepreneurship-Rent (Incorrect matching).

Option 2 -> Land-Rent (✓), Labor-Wages (✓), Capital-Profit (✗), Entrepreneurship-Interest (✗).

Option 3 -> Land-Interest (✗), Labor-Profit (✗), Capital-Rent (✗), Entrepreneurship-Wages (✗).

Option 4 -> Land-Rent (✓), Labor-Wages (✓), Capital-Interest (✓), Entrepreneurship-Profit (✓).

Hence, Option 4: (A) - (IV), (B) - (III), (C) - (I), (D) - (II) -> In economics, the four factors of production receive specific rewards: Land earns Rent (payment for using land resources), Labor earns Wages (payment for human effort), Capital earns Interest (payment for using money/capital resources), and Entrepreneurship earns Profit (reward for taking business risks and combining all factors). This is a fundamental concept in factor pricing theory. -> correct

Related questions:

2025: 22 May Shift 1

When more workers are hired, the land begins to get 'crowded'. Each worker now has insufficient land to work efficiently. So the output added by each additional worker is now proportionally less as a result the marginal product begins to __________.

2025: 14 May Shift 1

When the average cost is rising, then.

2026: 23 May Shift 1

The Total Fixed Cost of producing a good is Rs. 20. The Total Cost of producing 3 units of a good is Rs. 44 while that of producing 4 units is Rs. 49. What would be the Marginal Cost of producing the 4th unit of the good?

2026: 6 June Shift 1

Which one of the following conditions is incorrect?

(Where, SMC - Short term Marginal Cost, AVC - Average Variable cost, SAC - Short run average cost, LRMC - Long run marginal cost, LRAC - Long run average cost.)

2025: 30 May Shift 2

A firm wishes to maximize its profit, find the correct conditions from the following, that must be held by the firm at q₂ at which its profit is maximum.

(A) The price must be less than the average variable cost

(B) The price must be greater than the average variable cost

(C) Marginal cost must be non-decreasing

(D) The price, p, must equal MC

Choose the correct answer from the options given below:

2026: 21 May Shift 2

The set of all possible combinations of the two inputs that yield the same maximum possible level of output is called?

Keyboard Shortcuts

  • Left arrow: Previous question
  • Right arrow: Next question
  • S key: Jump to solution
  • Q key: Jump to question

CUET Economics Past Year Questions (Topic-Wise)