Micro

Production & Costs

Easy

Match List-I with List-II

List-I List-II
(A) Average product of labour (I) TVC/q
(B) Marginal product of labour (II) TPL/L
(C) Average variable cost(AVC) (III) Δ TPL/ΔL
(D) Average Fixed Cost(AFC) (IV) TFC/q

Choose the correct answer from the options given below:

List-I	List-II
(A) Average product of labour	(I) TVC/q
(B) Marginal product of labour	(II) TPL/L
(C) Average variable cost(AVC)	(III) Δ TPL/ΔL
(D) Average Fixed Cost(AFC)	(IV) TFC/q

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

(A) - (IV), (B) - (II), (C) - (III), (D) - (I)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (II), (B) - (III), (C) - (I), (D) - (IV)

✅ Correct Option: 4

Average product of labour $= TP_L/L$ (II). Marginal product of labour $= \Delta TP_L/\Delta L$ (III). $AVC = TVC/q$ (I). $AFC = TFC/q$ (IV). So the matching is (A)-(II), (B)-(III), (C)-(I), (D)-(IV).

2025: 15 May Shift 1

Match List-I with List-II (TP : TOTAL PRODUCT; L: UNITS OF LABOUR)

List-I	List-II
(A) $TP/L$	(I) Total Product is maximum
(B) $\Delta TP/\Delta L$	(II) Marginal product
(C) $\sum MP$	(III) Total product
(D) $MP=0$	(IV) Average Product

Choose the correct answer from the options given below:

2026: 11 May Shift 2

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

2025: 28 May Shift 2

At the market price of Rs 10, a firm supplies 200 units of a good. If the market price increases to Rs 30, and the price elasticity of the firm's supply is 2. Then at new price what quantity will be supplied by the firm?

2025: 2 June Shift 1

When some resources are shifted from Use 1 to Use 2 (given technology), the Marginal Rate of Transformation will

2026: 23 May Shift 1

The Total Fixed Cost of producing a good is Rs. 20. The Total Cost of producing 3 units of a good is Rs. 44 while that of producing 4 units is Rs. 49. What would be the Marginal Cost of producing the 4th unit of the good?

2025: 30 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Production function	(I) $x_1^α x_2^β$
(B) Constant return to scale	(II) $α + β = 1$
(C) Increasing return to scale	(III) $α + β < 1$
(D) Decreasing return to scale	(IV) $α + β > 1$

Choose the correct answer from the options given below:

Match List-I with List-II List-IList-II(A) Average product of labour(I) TVC/q(B) Marginal product of labour(II) TPL/L(C) Average variable cost(AVC)(III) Δ TPL/ΔL(D) Average Fixed Cost(AFC)(IV) TFC/q Choose the correct answer from the options given below:

Solution

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CUET Economics Past Year Questions (Topic-Wise)

Match List-I with List-II

List-I List-II
(A) Average product of labour (I) TVC/q
(B) Marginal product of labour (II) TPL/L
(C) Average variable cost(AVC) (III) Δ TPL/ΔL
(D) Average Fixed Cost(AFC) (IV) TFC/q

Choose the correct answer from the options given below: