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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 second name of law of constant return is
Question # 2
When marginal product is zero, total product is
Question # 3
When total product increases, marginal product
Question # 4
Supply curve of perishable goods is:
Question # 5
Supply of the one of the following is not fixed:
Question # 6
Under decreasing return, the slope of marginal product curve is
Question # 7
Increasing marginal product shows the law
Question # 8
Laws of return are
Question # 9
When average product increase, marginal product
Question # 10
No factor can take the place of any other factor, it is explained by
Question # 11
The production sector where human brain and intelligence plays more role there is applicable
Question # 12
The second name of law of increasing return is
Question # 13
When marginal product remains positive, total product
Question # 14
Average product is maximum, when marginal product curve ______ average product curve
Question # 15
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
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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M Muhammad Hammad Shekhani 30 - Jun - 2021 11 Min 40 Sec 15/15 -
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ICom Part 1 Principles of Economics ( English Medium) Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 2 | 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
|
| 3 | Under decreasing return, the slope of marginal product curve is |
A. Negative
B. Positive
C. Infinite
D. Zero
|
| 4 | When demand and supply rise in equal propoertion, the equilibrium price will: |
A. Fall
B. Rise
C. Constant
D. None of those
|
| 5 | In law of increasing cost, marginal cost |
A. Increases
B. Decreases
C. Remains constant
D. Remains fixed
|
| 6 | The sector of production, in which nature plays more role, there is applicable |
A. Law of increasing return
B. Law of constant return
C. Law of decreasing return
D. Law of decreasing cost
|
| 7 | According to classical economics, production process is under laws |
A. Two
B. Three
C. Four
D. Five
|
| 8 | Under increasing return, the slope of marginal product curve is |
A. Positive
B. Negative
C. Infinite
D. Zero
|
| 9 | The production sector where human brain and intelligence plays more role there is applicable |
A. Law of increasing return
B. Law of constant return
C. Law of decreasing return
D. Law of increasing cost
|
| 10 | When marginal product remains positive, total product |
A. Goes on decreasing
B. Goes in increasing
C. Becomes negative
D. Does not change
|
Test Questions