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This online test contains MCQs about following topics:
. Marginal productivity theory . Comprehensive definition . Criticism on marginal productivity theory
ICOM Part 1 Economics Ch 8 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 8 "Principles of Economics Icom Part 1 English Medium Chapter 8 Online Test"
Try The MCQ's Test For Chapter 8 "Principles of Economics Icom Part 1 English Medium Chapter 8 Online Test"
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Total Questions15
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Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 8 Online Test
00:00
Question # 1
Long run average cost curve is:
Question # 2
Firm's cost depends upon:
Question # 3
Production of the last unit of a factor of production is called
Question # 4
All factors of production are variable in the:
Question # 5
Marginal revenue product curve is called
Question # 6
Cost of a firm on the optimum combination of factors of production is
Question # 7
According to which economist, it is difficult to find marginal product
Question # 8
Demand for factors of production is
Question # 9
When Ac is rising:
Question # 10
Fixed cost consists of:
Question # 11
Marginal revenue product curve is called
Question # 12
In short average cost curve is:
Question # 13
When AC is falling then:
Question # 14
The rate change in total cost is:
Question # 15
Marginal revenue product is the amount of money attained by selling
11th Principle of Economics Chapter 8 Test
Here you can prepare 11th Principle of Economics English Medium Chapter 8 Resource Pricing Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 8 "Principles of Economics Icom Part 1 English Medium Chapter 8 Online Test" MCQ`s Test
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A Aliya hassan 05 - Dec - 2020 03 Min 00 Sec 15/15 -
H hamza abid 16 - Aug - 2021 10 Min 50 Sec 15/15 -
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N niimra naeem 03 - Nov - 2018 04 Min 08 Sec 8/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 8 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Marginal revenue product is the amount of money attained by selling |
A. Average product
B. Marginal product
C. Total product
D. None of these
|
| 2 | In short average cost curve is: |
A. Saucer shaped
B. Negative slope
C. U shaped
D. Flatter
|
| 3 | Under perfect competition average revenue is equal to: |
A. Average cost
B. Price
C. Marginal revenue
D. Both b and c
|
| 4 | According to which economist, some factors are indivisble |
A. Adam Smith
B. Marshall
C. Davenport
D. Hobson
|
| 5 | Next best alternative use of resources is known as: |
A. Implicit cost
B. Explicit cost
C. Opportunity cost
D. Sunk cost
|
| 6 | Amount of money attained by selling marginal product is called |
A. Average revenue product
B. Marginal revenue product
C. Total revenue product
D. None of three
|
| 7 | Production of the last unit of a factor of production is called |
A. Total product
B. Average product
C. Marginal product
D. Positive product
|
| 8 | The rate change in total cost is: |
A. TR
B. MC
C. MR
D. TC
|
| 9 | Demand for factors of production is |
A. Direct
B. Derived
C. Positive
D. Negative
|
| 10 | AR curve is also called: |
A. Supply curve
B. Demand curve
C. Utility curve
D. Cost curve
|
Test Questions
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