CUET Economics - Marginal product (MP) and the average product (AP) curves are inverse 'U'-shaped. which of the following is correct for AP and MP. | PYQs + Solutions

CUET Economics 2025 22 May Shift 2

Micro

Medium

Average product curve cuts the marginal product curve from above at the maximum point of marginal product curve.

Average product curve cuts the marginal product curve from above at the minimum point of marginal product curve.

Marginal product curve cuts the average product curve from above at the minimum point of average product curve

Marginal product curve cuts the average product curve from above at the maximum point of average product curve.

✅ Correct Option: 4

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23rd May Shift 1

Keeping other factor constant, A change in the price of input brings about a change in the supply of a commodity.

Arrange the process of this change in the correct sequence:

A. The average cost of production of the commodity reduces.

B. The supply of a commodity increases.

C. The profit per unit of the producer rises.

D. If the price of input falls.

Choose the correct answer from the options given below:

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Match List-I with List-II

List–I	List–II
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(C) A proportional increase in all inputs results in an increase in output by the same proportion	(III) Decreasing Returns to Scale
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Choose the correct answer from the options given below:

21st May Shift 2

What are the values of marginal product and average product, when changes in labour from 3 to 4 with leads to changes in total product from 40 to 50?

CUET Economics 2025 22 May Shift 2 PYQs