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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
AR curve is also called:
Question # 2
Firm's cost depends upon:
Question # 3
When Ac is rising:
Question # 4
Demand for factors of production is
Question # 5
Cost of a firm on the optimum combination of factors of production is
Question # 6
With the increase of output, which cost of production increases:
Question # 7
Production of the last unit of a factor of production is called
Question # 8
Which law is applicable on production process under marginal productivity theory
Question # 9
Marginal productivity theory was presented by
Question # 10
In short average cost curve is:
Question # 11
Marginal revenue product is the amount of money attained by selling
Question # 12
Wages of permanent labourers are:
Question # 13
MC cuts AC at:
Question # 14
Marginal revenue product curve is called
Question # 15
When AC is falling then:
11th Principle of Economics Chapter 8 Test
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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 | Under perfect competition: |
A. AR > MR
B. AR < MR
C. AR = MR
D. All of three
|
| 3 | 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
|
| 4 | AR curve is also called: |
A. Supply curve
B. Demand curve
C. Utility curve
D. Cost curve
|
| 5 | Wages of temporary labourers are: |
A. Fixed cost
B. Marginal cost
C. Total cost
D. Variable cost
|
| 6 | Marginal productivity theory was presented by |
A. Adam Smith and Malthus
B. Marshall and J.B Clark
C. Robbins and Keyness
D. Pigou and Cannon
|
| 7 | When AC is falling then: |
A. MC = AC
B. AVC = MC
C. MC > AC
D. MC < AC
|
| 8 | Wages of permanent labourers are: |
A. Fixed cost
B. Marginal cost
C. Total cost
D. Variable cost
|
| 9 | Long run average cost curve is: |
A. Planning curve
B. Envelope curve
C. Flatter curve
D. All of three
|
| 10 | Firm's cost depends upon: |
A. Revenue
B. Supply
C. Price
D. Output
|
Test Questions