| 1 |
When demand and supply rise in equal propoertion, the equilibrium price will: |
- A. Fall
- B. Rise
- C. Constant
- D. None of those
|
| 2 |
Laws of return are |
- A. Two
- B. Three
- C. Four
- D. Five
|
| 3 |
When marginal product is zero, total product is |
- A. Maximum
- B. Minimum
- C. Negative
- D. Zero
|
| 4 |
The second name of law of constant return is |
- A. Law of decreasing cost
- B. Law of increasing cost
- C. Law of cost
- D. Law of constant cost
|
| 5 |
In law of increasing cost, marginal cost |
- A. Increases
- B. Decreases
- C. Remains constant
- D. Remains fixed
|
| 6 |
In law of constant return, marginal product |
- A. Increases
- B. Decreases
- C. Remains constant
- D. Remains changing
|
| 7 |
The second name of law of increasing return is |
- A. Law of cost
- B. Law of increasing cost
- C. Law of decreasing cost
- D. Law of constant cost
|
| 8 |
Increasing marginal product shows the law |
- A. Law of increasing return
- B. Law of constant return
- C. Law of decreasing return
- D. Law of diminishing marginal utility
|
| 9 |
Supply of the one of the following is not fixed: |
- A. Vegetable
- B. Fruit
- C. Milk
- D. Motor bike
|
| 10 |
Applied on agriculture immediately |
- A. Law of increasing return
- B. Law of substitution
- C. Law of decreasing return
- D. Law of decreasing cost
|
