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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
With the increase of output, which cost of production increases:
Question # 2
Wages of temporary labourers are:
Question # 3
Marginal revenue product curve is called
Question # 4
Firm's cost depends upon:
Question # 5
When AC is falling then:
Question # 6
Which law is applicable on production process under marginal productivity theory
Question # 7
According to which economist, it is difficult to find marginal product of a factor of production
Question # 8
Under monopoly the slopes of AR and MR are:
Question # 9
According to which economist, some factors are indivisble
Question # 10
Marginal productivity theory was presented by
Question # 11
If a firm does not produce anything then its variable cost is:
Question # 12
All factors of production are variable in the:
Question # 13
Under perfect competition:
Question # 14
According to which economist, it is difficult to find marginal product
Question # 15
Amount of money attained by selling marginal product is called
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.
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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 | Under perfect competition: |
A. AR > MR
B. AR < MR
C. AR = MR
D. All of three
|
| 2 | When AC is falling then: |
A. MC = AC
B. AVC = MC
C. MC > AC
D. MC < AC
|
| 3 | Cost of a firm on the optimum combination of factors of production is |
A. Minimum
B. Maximum
C. Reasonable
D. Positive
|
| 4 | AR curve is also called: |
A. Supply curve
B. Demand curve
C. Utility curve
D. Cost curve
|
| 5 | Demand for factors of production is |
A. Direct
B. Derived
C. Positive
D. Negative
|
| 6 | Marginal revenue product curve is called |
A. Demand curve of the firm
B. Supply curve of the firm
C. Demand curve of the industry
D. Supply curve of industry
|
| 7 | Marginal revenue product curve is called |
A. Demand curve of firm
B. Supply curve of firm
C. Demand curve of industry
D. Supply curve of industry
|
| 8 | Long run average cost curve is: |
A. Planning curve
B. Envelope curve
C. Flatter curve
D. All of three
|
| 9 | Fixed cost consists of: |
A. Rent
B. Salaries
C. Interest
D. All of them
|
| 10 | All factors of production are variable in the: |
A. Market period
B. Long period
C. Short period
D. All of these
|
Test Questions
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