CUET Economics - Which of the following central problems deals with the choice of technique of production? | PYQs + Solutions

CUET Economics 2025 26 May Shift 2

Micro

Easy

What to Produce?

How to produce?

For whom to produce?

Problem of full employment of resources.

✅ Correct Option: 2

Related questions:

22 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Normal profit	(I) Minimum level of profit need by firm to be in business.
(B) Shut down point	(II) Minimum level of LRAC curve
(C) Break-even point	(III) Profit Over and above normal profit
(D) Super-normal profit	(IV) The point on which firm earn only normal profit.

Choose the correct answer from the options given below:

16 May Shift 1

Which of the following is true regarding supply of a commodity?

(A) Technological progress leads to a decrease in the supply of a commodity.

(B) When the price of inputs rises, the supply curve of the good shifts to the left.

(D) Imposition of a unit tax on a firm shifts the supply curve of the goods produced by the firm to the left.

Choose the correct answer from the options given below:

30 May Shift 2

The shape of the long-run average cost curve and long-run marginal cost curve.

CUET Economics 2025 26 May Shift 2 PYQs