First Year Principles of Economics Chapter 5 Online MCQ Test for 1st Year Principles of Economics Chapter 5 (Laws of Return)

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
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Online 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"

  • Total Questions15

  • Time Allowed20

Principles of Economics Icom Part 1 English Medium Chapter 5 Online Test

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Question # 1

The second name of law of constant return is

Question # 2

In a production process, when units of variable factors along with the fixed factor of production are increased, marginal cost remains the same, this tendency in economics is called

Question # 3

In law of decreasing cost, marginal cost

Question # 4

Market equilibrium take place where:

Question # 5

In perfect competition number of firms is

Question # 6

When average product increase, marginal product

Question # 7

Supply is Fixed of:

Question # 8

When marginal product remains positive, total product

Question # 9

Supply curve of perishable goods is:

Question # 10

In the market period supply is:

Question # 11

In law of constant return, marginal product

Question # 12

When average product decreases, marginal product

Question # 13

Total product decreases, when marginal product is

Question # 14

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 # 15

Production which is produced with a particular combination of factors of production, is called

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