First Year Economics Chapter 11 Online MCQ Test for 1st Year Economics Chapter 11 (Scale of Production and Laws of Returns)
This online test contains MCQs about following topics:
Large Scale production
. Small scale
. Economies of scale
. Laws of returns
. Law of variable proportions
. Law of decreasing returns
, Laws of cost
. Total marginal average quantities
Economics Ics Part 1 English Medium Chapter 11 Online Test
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Question # 1
Law of diminishing returns applies more in:
Question # 2
Marginal product indicates rate of change of
Question # 3
The law of variable proportions was presented by.
Question # 4
When total product rises marginal product.
Question # 5
In the second stage of the law of variable of proportions the average product:
Question # 6
Laws of return apply to firms working in
Question # 7
When total product (TP) reaches its maximum, Marginal product (MP) is_
Question # 8
Economies of scale
Question # 9
The concept of internal and external economics was given by.
Question # 10
In law of diminishing returns at least one factor
Question # 11
Which one is the small scale production.
Question # 12
Law of diminishing returns is a universal law as:
Question # 13
Which one is the third stage of production under law of variable proportions
Question # 14
during short period, diminishing returns may follow because
Question # 15
The slopes of average and marginal products curves are always zero under:
Question # 16
Which one will determine scale of production .
Question # 17
When a firm using a fixed amount of land and capital takes on more workers, it finds that marginal product(MP) of labour falls but the average product(AP) of labour rises. This can be explained by the factors that
Question # 18
When MP is zero, TP is
Question # 19
The government constructed a new water reservoir for the purpose of irrigation; this might be taken as
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