CUET Economics - The total revenue of a firm is increasing at a constant rate. Which of the following is true about this firm? | PYQs + Solutions

CUET Economics 2025 26 May Shift 2

Micro

Medium

It is operating in an imperfect market and can sell any quantity of the good at given price.

It is operating in a perfect market and can sell any quantity of the good at given price.

It is operating in an imperfect market and can sell more only by lowering the price.

It is operating in a perfect market and can sell more only by lowering the price.

✅ Correct Option: 2

Related questions:

13 May Shift 1

With the shifting demand curve leftward, arrange the following statement in sequential order.

(A) At any given price, demand is less.

(B) Excess supply will be there.

(D) At new equilibrium, quantity and price will be less.

Choose the correct answer from the options given below:

28 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Upper limit on price of goods & services	(I) Leads to excess supply.
(B) Free entry and exit	(II) Equilibrium price = min AC of the firms.
(C) Marginal revenue product of labor (MRP_L)	(III) Leads to excess demand.
(D) Lower limit on price of goods & services	(IV) MR x MP_L.

Choose the correct answer from the options given below:

27 May Shift 2

In a perfectly competitive market, the marginal revenue curve is?

CUET Economics 2025 26 May Shift 2 PYQs