A firm produce q amount of output using x₁ amount of factor 1 and x₂ amount of factor 2. Match List-I with List-II | List-I | List-II | |--------|---------| | (A). Cobb-Douglas Production Function | (I). f(tx_1, tx_2) t * f(x_1, x_2) | | (B). Constant returns to scale | (II). f(tx_1, tx_2)

Question

A firm produce q amount of output using x₁ amount of factor 1 and x₂ amount of factor 2. Match List-I with List-II | List-I | List-II | |--------|---------| | (A). Cobb-Douglas Production Function | (I). f(tx_1, tx_2) > t * f(x_1, x_2) | | (B). Constant returns to scale | (II). f(tx_1, tx_2) < t * f(x_1, x_2) | | (C). Increasing returns to scale | (III). q = x_1^ x_2^ | | (D). Decreasing returns to scale | (IV). f(tx_1, tx_2) = t * f(x_1, x_2) | Choose the correct answer from the options given below:

Option 1: (A) - (I), (B) - (II), (C) - (III), (D) - (IV)

Option 2: (A) - (I), (B) - (III), (C) - (II), (D) - (IV)

Option 3: (A) - (I), (B) - (II), (C) - (IV), (D) - (III)

Option 4: (A) - (III), (B) - (IV), (C) - (I), (D) - (II)

AfterBoards · Accepted Answer

The answer is '(A) - (III), (B) - (IV), (C) - (I), (D) - (II)'. View full solution:

CUET Economics 2025 22 May Shift 1 PYQs

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