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
Production of the last unit of a factor of production is called
Question # 2
According to which economist, it is difficult to find marginal product
Question # 3
When AC is falling then:
Question # 4
With the increase of output, which cost of production increases:
Question # 5
TC = TFC +:
Question # 6
At least one factor is fixed in:
Question # 7
Next best alternative use of resources is known as:
Question # 8
Marginal revenue product is the amount of money attained by selling
Question # 9
If a firm does not produce anything then its variable cost is:
Question # 10
According to which economist, it is difficult to find marginal product of a factor of production
Question # 11
Under perfect competition average revenue is equal to:
Question # 12
AR curve is also called:
Question # 13
Marginal productivity theory was presented by
Question # 14
Cost of a firm on the optimum combination of factors of production is
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 | Production of the last unit of a factor of production is called |
A. Total product
B. Average product
C. Marginal product
D. Positive product
|
| 2 | Marginal revenue product is the amount of money attained by selling |
A. Average product
B. Marginal product
C. Total product
D. None of these
|
| 3 | 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
|
| 4 | Firm's cost depends upon: |
A. Revenue
B. Supply
C. Price
D. Output
|
| 5 | 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
|
| 6 | TC = TFC +: |
A. MC
B. AR
C. TVC
D. TAC
|
| 7 | Under perfect competition average revenue is equal to: |
A. Average cost
B. Price
C. Marginal revenue
D. Both b and c
|
| 8 | At least one factor is fixed in: |
A. Market period
B. Long period
C. Short period
D. All of three
|
| 9 | Which law is applicable on production process under marginal productivity theory |
A. Law of increasing return
B. Law of constant return
C. Law of decreasing return
D. Law of decreasing cost
|
| 10 | Long run average cost curve is: |
A. Planning curve
B. Envelope curve
C. Flatter curve
D. All of three
|
Test Questions
Share your comments & questions here
No comments yet. Be the first to comment!