CUET Economics 2025 22 May Shift 2 PYQs

The relationship between an increase in variable input and output when all other inputs are held constant is referred to as.

In an economy producing only two goods X and Y, the opportunity cost of producing 5 units of good X is 3 units of good Y.

The above statement implies that _____.

(choose the correct option)

Keeping the capital as a fixed input, as 3, when the quantity of labor changes from 3 to 4, the total product with labor also rises from 40 to 50 units. What is the average product after the change?

1. 50
2. 13.33
3. 12.5
4. 40