Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
.jpg)
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"
-
Total Questions15
-
Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 8 Online Test
00:00
Question # 1
Amount of money attained by selling marginal product is called
Question # 2
Firm's cost depends upon:
Question # 3
TC = TFC +:
Question # 4
Marginal productivity theory was presented by
Question # 5
Which law is applicable on production process under marginal productivity theory
Question # 6
Under perfect competition:
Question # 7
AR curve is also called:
Question # 8
Next best alternative use of resources is known as:
Question # 9
Cost of a firm on the optimum combination of factors of production is
Question # 10
When Ac is rising:
Question # 11
Wages of temporary labourers are:
Question # 12
With the increase of output, which cost of production increases:
Question # 13
MC cuts AC at:
Question # 14
Marginal revenue product is the amount of money attained by selling
Question # 15
Long run average cost curve is:
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
-
M M.Nadir 11 - Mar - 2018 01 Min 57 Sec 15/15 -
A Aliya hassan 05 - Dec - 2020 03 Min 00 Sec 15/15 -
H hamza abid 16 - Aug - 2021 10 Min 50 Sec 15/15 -
S Subtain Ahmed Raza 21 - Jul - 2023 02 Min 37 Sec 14/15 -
S Sania Butt 03 - Jun - 2024 02 Min 12 Sec 13/15 -
M Muhammad Abrar 25 - Dec - 2020 02 Min 20 Sec 13/15 -
A Arzoo Qaiser 30 - Jan - 2026 02 Min 44 Sec 13/15 -
K kalsoom 11 - Jan - 2024 12 Min 01 Sec 12/15 -
B Bilal zafar 08 - Jun - 2024 03 Min 12 Sec 10/15 -
R raham ghaffar 13 - Jun - 2022 02 Min 22 Sec 9/15 -
F Farhan Sabir 27 - May - 2023 03 Min 17 Sec 9/15 -
A Asif Iqbal 20 - Apr - 2023 04 Min 11 Sec 9/15 -
A Aliza 19 - Aug - 2021 01 Min 21 Sec 8/15 -
A Ali hamza 25 - Dec - 2018 02 Min 56 Sec 8/15 -
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 | Tendency of demand curve of a factor of production is |
A. Positive
B. Negative
C. Zero
D. Horizontal
|
| 2 | Under perfect competition average revenue is equal to: |
A. Average cost
B. Price
C. Marginal revenue
D. Both b and c
|
| 3 | According to which theory every factor of production gets the reward of its services equal to its marginal product |
A. Demand and supply theory
B. Liquidity preference theory
C. Marginal productivity theory
D. Uncertainty theory
|
| 4 | Wages of temporary labourers are: |
A. Fixed cost
B. Marginal cost
C. Total cost
D. Variable cost
|
| 5 | All factors of production are variable in the: |
A. Market period
B. Long period
C. Short period
D. All of these
|
| 6 | Next best alternative use of resources is known as: |
A. Implicit cost
B. Explicit cost
C. Opportunity cost
D. Sunk cost
|
| 7 | Demand for factors of production is |
A. Direct
B. Derived
C. Positive
D. Negative
|
| 8 | The rate change in total cost is: |
A. TR
B. MC
C. MR
D. TC
|
| 9 | AR curve is also called: |
A. Supply curve
B. Demand curve
C. Utility curve
D. Cost curve
|
| 10 | Fixed cost consists of: |
A. Rent
B. Salaries
C. Interest
D. All of them
|
Test Questions