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

00:00
Question # 1

If supply does not change, then due to rise in demand, equilibrium price.

Question # 2

Supply of the one of the following is not fixed:

Question # 3

Under constant return, the slope of marginal product curve is

Question # 4

Law of decreasing return is immediately applied on

Question # 5

When total product is maximum, marginal product

Question # 6

The second name of law of increasing return is

Question # 7

Total product decreases, when marginal product is

Question # 8

The sector of production, in which nature and human beings play an equal role, there is applicable

Question # 9

When average product is maximum, marginal product is

Question # 10

When total product decreases, marginal product

Question # 11

Market equilibrium take place where:

Question # 12

When marginal product is zero, total product is

Question # 13

In law of increasing cost, marginal cost

Question # 14

When Demand > Supply it will be:

Question # 15

The second name of law of decreasing return is

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