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Home Questions VR5BCGMBY7
Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Production and Costs

Question:

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:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is Option (3) → (A)-(I), (B)-(II), (C)-(IV), (D)-(III)

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

(IV) $α + β> 1$

(D) Decreasing return to scale

(III) $α + β <1$

Choose the correct answer from the options given below:

CUET Questions