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

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6th June Shift 1

Suppose the unit tax imposed by the government is Rs 2. If the firm produces and sells 10 units of goods, the total tax that the firm must pay to the government is Rs..............

13h May Shift 2

Match List-I with List-II

List-I	List-II
(A) Price-takers	(I) Break-even point.
(B) Price less than minimum point of AVC curve	(II) Normal profit.
(C) A firm earns normal profit	(III) Perfectly Competitive Market.
(D) A firm covers the explicit costs and opportunity costs	(IV) Shut down point.

Choose the correct answer from the options given below:

2 June Shift 1

Match List-I with List-II

List-I	List-II
(A) Perfect Competition	(I) A typical characteristic of perfect competition.
(B) Perfectly elastic demand curve	(II) An individual firm is a price taker.
(C) Degree of price control under perfect competition	(III) The firm can sell any amount of its output at the prevailing price.
(D) Freedom of entry and exit	(IV) No control over price.

Choose the correct answer from the options given below:

CUET Economics 2025 26 May Shift 2 PYQs

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