11th class Economics chapter 11 online mcq test with answers for ICS part 1 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

ICS Part 1 Economics Chapter 11 Test

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ICS Part 1 Economics Chapter Wise Test

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ICS Part 1 Economics Chapter 11 Important MCQ's

Sr.#	Question	Answer
1	In production of goods, negative returns in the short run imply that	A. average product is negative B. total product is negative C. marginal product is negative D. marginal cost is falling
2	Law of decreasing returns generates	A. law of economic growth B. law of increasing costs C. law of variable costs D. law of decreasing costs
3	Marginal product curve intersects average product curve when AP curve is	A. minimum B. maximum C. rising D. falling
4	The maximum point of TP curve is at quantity of labour where	A. Average physical product of labour is equal to 1 B. MPP of labour is at its maximum C. curves of APP and MPP of labour intersect D. MPP of labour is zero
5	Internal economies of scale include	A. risk-bearing economics B. trade mark C. managerial economies D. a and c of above
6	When average product (AP) and marginal product (MP) are rising.	A. AP > MP B. AP = MP C. AP < MP D. AP = MP = 0
7	The production function relates to	A. cost of output B. cost of input C. output to input D. demand to output
8	during short period, diminishing returns may follow because	A. quantity of labour is fixed B. quality of labour is fixed C. quantity of capital is fixed D. quantity of any one factor is fixed
9	Economics of scale are of two kinds	A. temporary and permanent B. internal and external C. managerial and industrial D. natural and artificial
10	When total product (TP) reaches its maximum, Marginal product (MP) is_	A. Zero B. Positive C. Negative D. Rising

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First Year Economics Chapter 11 Online MCQ Test for 1st Year Economics Chapter 11 (Scale of Production and Laws of Returns)

ICS Part 1 Economics Chapter 11 Test

ICS Part 1 Economics Chapter Wise Test

MCQ's Test For Chapter 11 "Economics Ics Part 1 English Medium Chapter 11 Online Test"

Economics Ics Part 1 English Medium Chapter 11 Online Test

The law of variable proportions was presented by.

during short period, diminishing returns may follow because

When total product (TP) reaches its maximum, Marginal product (MP) is_

In production of goods, negative returns in the short run imply that

If in a production process, all inputs are increased by 10% and output increase by less than 10%, then it is called

When average product (AP) and marginal product (MP) are rising.

Which of the following is example of external economies of scale?

The government constructed a new water reservoir for the purpose of irrigation; this might be taken as

When MP curve cuts AP curve, the AP is at its.

Which one will determine scale of production .

In the second stage of the law of variable of proportions the average product:

The production function relates to

The law of increasing returns is also known as:

Laws of return apply to firms working in

Which one is the small scale production.

The slopes of average and marginal products curves are always zero under:

Economics of scale are of two kinds

Which of the following saying describes diminishing marginal returns in the short run?

When business expands beyond its optimum level what type of economics will it be getting.

When diseconomies of scale outweigh economies of scale the

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ICS Part 1 Economics Chapter 11 MCQs Test

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ICS Part 1 Economics Chapter 11 Important MCQ's

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