CUET Economics - At the present level of production, the marginal revenue exceeds the marginal cost of production. In order to attain equilibrium, the producer should___ | PYQs + Solutions

CUET Economics 2025 21 May Shift 1

Micro

Easy

Increase the level of output.

Decrease the level of output.

Should keep the output level constant.

Should reduce the price of the product.

✅ Correct Option: 1

Related questions:

22 May Shift 2

Match List-I with List-II

List-I	List-II
(A) TVC	(I) AVC × quantity
(B) SAC	(II) AVC + AFC
(C) TC	(III) TVC + TFC
(D) LRMC	(IV) (TC at q₁ units) – (TC at q₁ – ₁ units)

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21 May Shift 1

If the supply curve of a good cuts the price axis in its positive range and as we extend the straight line, it cuts the quantity-axis at its negative range, the elasticity of supply for the good will be:

14 May Shift 1

Match List-I with List-II

List–I	List–II
(A) A proportional increase in all inputs results in an increase in output by a smaller proportion	(I) Constant returns to scale
(B) A proportional increase in all inputs results in an increase in output by a larger proportion	(II) Law of variable proportions
(C) A proportional increase in all inputs results in an increase in output by the same proportion	(III) Decreasing Returns to Scale
(D) Factor proportions change as long as one factor is held constant and the other factors increases	(IV) Increasing Returns to Scale

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CUET Economics 2025 21 May Shift 1 PYQs

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