CUET Economics - Which of the following is true about the law of variable proportions? (A) Total product eventually declines. (B) Average product is an inverse U shaped curve. (C) Marginal product becomes equal to Average product at its minimum. (D) Marginal product can never be negative. Choose the correct answer from the options given below: | PYQs + Solutions

CUET Economics 2025 21 May Shift 1

Micro

Medium

(A) and (B) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(A), (C) and (D) only

✅ Correct Option: 1

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Suppose in a production process, all inputs get doubled. As a result, if the output gets doubled, the production function exhibits?

Decreasing Return to scale.
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A firm will shut down in the short run if__________.

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Identify the correct statement from the following.

CUET Economics 2025 21 May Shift 1 PYQs

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