ICOM Part 1 Principles of Economics English Medium Chapter 5 MCQ's Test

11th Class Principles of Economics English Medium Online MCQ Test for Chapter 5 (Laws of Return)

ICOM Part 1 Principles of Economics English Medium Chapter 5 MCQ's Test

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ICOM Part 1 Principles of Economics Chapter Wise Test (English Medium)

11th Class Principles of Economics English Medium Online MCQ Test for Chapter 5 (Laws of Return)

Sr. # Questions Answers Choice
1 When marginal product is zero, total product is
  • A. Maximum
  • B. Minimum
  • C. Negative
  • D. Zero
2 In law of decreasing cost, marginal cost
  • A. Increases
  • B. Decreases
  • C. Remains constant
  • D. Does not change
3 In law of decreasing return, marginal product
  • A. Increases
  • B. Decreases
  • C. Remains constant
  • D. Does not change
4 When total product increases, marginal product
  • A. Is positive
  • B. Is negative
  • C. May be positive or negative
  • D. Is zero
5 In production process when marginal product increases with the increase in units of variable factors along with fixed factor, this tendency in economics is called
  • A. Law of production
  • B. Law of increasing return
  • C. Law of decreasing return
  • D. Law of constant return
6 Supply is Fixed of:
  • A. Perishable goods
  • B. Free goods
  • C. Durable goods
  • D. Substitute goods
7 Under constant return, the slope of marginal product curve is
  • A. Positive
  • B. Negative
  • C. Infinite
  • D. Zero
8 Average product is maximum, when marginal product curve ______ average product curve
  • A. Intersects falling
  • B. Intersect rising
  • C. Is above
  • D. Is below
9 Under decreasing return, the slope of marginal product curve is
  • A. Negative
  • B. Positive
  • C. Infinite
  • D. Zero
10 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

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

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Lahore15 - Jun - 2025

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04 Mins 43 Sec

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