CUET Economics 2025 22 May Shift 2 PYQs

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:

Identify the correct statements from the following:

(A) As long as MP>AP, the average Product (AP) can rise even when the Marginal Product (MP) is falling.

(B) The law of variable proportions operates only if the factor ratio happens to change.

(C) Total Product (TP) must increase no matter if there are increasing or decreasing returns to a factor.

(D) Marginal Product (MP) = Average Product (AP), when AP is maximum.

Choose the correct answer from the options given below:

With the change in one variable input, keeping the factors constant, if the Marginal Physical Product is positive, the Total Physical Product will be----------