CUET Economics 2025 22 May Shift 1 PYQs

An isoquant ________

A. Represents the same level of output and input.

B. Yield the same maximum possible level of output from the set of all possible combinations of two inputs.

C. Yield different level of output from the set of all possible combinations of two inputs.

D. Is an alternative way of presenting the production function.

Choose the correct answer from the options given below:

Which of the following are correct about the short run cost concepts?

(A) Both the average cost and average variable cost curves are U-shaped.

(B) Average cost and average variable cost curves are parallel to each other.

(C) Marginal cost is equal to both average cost and average variable costs at their respective minimum levels.

(D) Average cost and average variable cost can never be equal to each other.

Choose the correct answer from the options given below:

Match List-I with List-II

List-I	List-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: