The change in output per unit of change in the input when all other inputs are held constant, is termed as __________. Option 1: Total Product. Option 2: Marginal Product. Option 3: Average Product. Option 4: Marginal Utility.

The answer is 'Marginal Product.'. View full solution:

CUET Economics - The change in output per unit of change in the input when all other inputs are held constant, is termed as __________. | PYQs + Solutions

CUET Economics 2025 22 May Shift 1

Micro

Easy

Total Product.

Marginal Product.

Average Product.

Marginal Utility.

✅ Correct Option: 2

Related questions:

28 May Shift 1

Which of the following statements are correctly explaining the relationship between the marginal revenue (MR) and price elasticity of demand?

(A). Price elasticity is less than 1 when MR is negative.

(B). Price elasticity is more than 1 when MR is negative.

(C). Price elasticity is more than 1 when MR is positive.

(D). Price elasticity is less than 1 when MR is positive.

Choose the correct answer from the options given below:

(A) and (D) only
(A) and (B) only
(B) and (D) only
(A) and (C) only

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:

16 May Shift 1

If the marginal cost(MC) of a perfectly competitive firm is as given below and the price of the product is Rs 15, find the profit-maximizing output of the firm.

output	1	2	3	4	5	6
MC	18	15	10	12	15	24

CUET Economics 2025 22 May Shift 1 PYQs

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