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This online test contains MCQs about following topics:
. Analysis of firms output . Laws of return . Law of increasing return . Application of law of increasing return . Law of constant return . Law of diminishing return . Laws of costs . Allpication of law of deminishing return
ICOM Part 1 Economics Ch 5 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 5 "Principles of Economics Icom Part 1 English Medium Chapter 5 Online Test"
Try The MCQ's Test For Chapter 5 "Principles of Economics Icom Part 1 English Medium Chapter 5 Online Test"
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Total Questions15
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Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 5 Online Test
00:00
Question # 1
The sector of production, in which nature plays more role, there is applicable
Question # 2
Supply curve of perishable goods is:
Question # 3
If supply does not change, then due to rise in demand, equilibrium price.
Question # 4
In production process, when units of variable factors along with fixed factor of production are increased, marginal product goes on failing, this tendency in economics is called
Question # 5
The number of laws of cost are
Question # 6
Under decreasing return, the slope of marginal product curve is
Question # 7
When average product increase, marginal product
Question # 8
Supply is Fixed of:
Question # 9
Equilibrium price is determined in.
Question # 10
Supply of the one of the following is not fixed:
Question # 11
When average product decreases, marginal product
Question # 12
In law of decreasing cost, marginal cost
Question # 13
The second name of law of increasing return is
Question # 14
Laws of return are
Question # 15
Price of perishable goods is determined in:
11th Principle of Economics Chapter 5 Test
Here you can prepare 11th Principle of Economics English Medium Chapter 5 Laws of Return Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 5 "Principles of Economics Icom Part 1 English Medium Chapter 5 Online Test" MCQ`s Test
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S Subtain Ahmed Raza 21 - Jul - 2023 02 Min 48 Sec 15/15 -
M Muhammad Hammad Shekhani 30 - Jun - 2021 11 Min 40 Sec 15/15 -
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H hamza abid 17 - Aug - 2021 10 Min 50 Sec 14/15 -
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I Ibrahim Atif 15 - Dec - 2023 04 Min 46 Sec 12/15 -
M Muhammad aliaan 21 - Jan - 2021 07 Min 35 Sec 12/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Under constant return, the slope of marginal product curve is |
A. Positive
B. Negative
C. Infinite
D. Zero
|
| 2 | When total product is maximum, marginal product |
A. Is positive
B. Is negative
C. Is zero
D. Is decreasing
|
| 3 | When marginal product remains positive, total product |
A. Goes on decreasing
B. Goes in increasing
C. Becomes negative
D. Does not change
|
| 4 | Supply curve of perishable goods is: |
A. Horizontal
B. Vertical
C. Infinite
D. All of them
|
| 5 | The sector of production, in which nature and human beings play an equal role, there is applicable |
A. Law of decreasing return
B. Law of decreasing cost
C. Law of increasing return
D. Law of constant return
|
| 6 | When average product is maximum, marginal product is |
A. Equal to average product
B. More than average product
C. Less than average product
D. Zero
|
| 7 | The number of laws of cost are |
A. One
B. Two
C. Three
D. Four
|
| 8 | Production which is produced with a particular combination of factors of production, is called |
A. Total product
B. Average product
C. Marginal product
D. Positive product
|
| 9 | Average product is maximum, when marginal product curve ______ average product curve |
A. Intersects falling
B. Intersect rising
C. Is above
D. Is below
|
| 10 | When marginal product is zero, total product is |
A. Maximum
B. Minimum
C. Negative
D. Zero
|
Test Questions
