In the short run, when a fixed input is combined with increasing variable inputs, the following changes in Average Product (AP) and Marginal Product (MP) are witnessed. Select the correct order of such change starting with the first unit employment of variable input. A. AP and MP both decrease and AP MP B. AP and MP both increase and AP MP D. AP = MP, for the first level of output Choose the correct sequence from the options given below:

Question

In the short run, when a fixed input is combined with increasing variable inputs, the following changes in Average Product (AP) and Marginal Product (MP) are witnessed. Select the correct order of such change starting with the first unit employment of variable input. A. AP and MP both decrease and AP > MP B. AP and MP both increase and AP < MP C. AP intersects MP and after that AP > MP D. AP = MP, for the first level of output Choose the correct sequence from the options given below:

Option 1: B, C, A, D

Option 2: D, B, C, A

Option 3: B, D, C, A

Option 4: A, B, C, D

AfterBoards · Accepted Answer

The answer is 'D, B, C, A'. View full solution:

List-I	List-II
(A) Land	(I) Interest
(B) Labor	(II) Profit
(C) Capital	(III) Wages
(D) Entrepreneurship	(IV) Rent

List–I	List–II
(A) Total variable cost	(I) TR – (TVC + TFC)
(B) Total Revenue	(II) TVCₙ – TVCₙ₋₁
(C) Profit	(III) Average variable cost × Quantity
(D) Marginal cost	(IV) Price × Quantity

CUET Economics 2026 19th May Shift 2 PYQs

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