First Year Principles of Economics Chapter 8 Online MCQ Test for 1st Year Principles of Economics Chapter 8 (Resource Pricing)

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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
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Online 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

The rate change in total cost is:

Question # 2

Next best alternative use of resources is known as:

Question # 3

Cost of a firm on the optimum combination of factors of production is

Question # 4

Marginal productivity theory was presented by

Question # 5

Self owned resources are known as:

Question # 6

MPP stand is

Question # 7

Wages of permanent labourers are:

Question # 8

Which law is applicable on production process under marginal productivity theory

Question # 9

According to which economist, some factors are indivisble

Question # 10

Tendency of demand curve of a factor of production is

Question # 11

If a firm does not produce anything then its variable cost is:

Question # 12

Under perfect competition average revenue is equal to:

Question # 13

Firm's cost depends upon:

Question # 14

At least one factor is fixed in:

Question # 15

In short average cost curve is:

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