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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
MCQ's Test For Chapter 11 "Economics Ics Part 1 English Medium Chapter 11 Online Test"
Try The MCQ's Test For Chapter 11 "Economics Ics Part 1 English Medium Chapter 11 Online Test"
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Total Questions20
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Time Allowed30
Economics Ics Part 1 English Medium Chapter 11 Online Test
00:00
Question # 1
When MP curve cuts AP curve, the AP is at its.
Question # 2
In law of diminishing returns at least one factor
Question # 3
Commercial economics are a pat of:
Question # 4
The maximum point of TP curve is at quantity of labour where
Question # 5
When total product rises marginal product.
Question # 6
The law of variable proportions was presented by.
Question # 7
Which one will determine scale of production .
Question # 8
The law of increasing returns is also known as:
Question # 9
Which one is the third stage of production under law of variable proportions
Question # 10
When diseconomies of scale outweigh economies of scale the
Question # 11
If in a production process, all inputs are increased by 10% and output increase by less than 10%, then it is called
Question # 12
In the second stage of the law of variable of proportions the average product:
Question # 13
Which of the following saying describes diminishing marginal returns in the short run?
Question # 14
Economies of scale
Question # 15
Laws of return apply to firms working in
Question # 16
Marginal product curve intersects average product curve when AP curve is
Question # 17
When average product (AP) and marginal product (MP) are rising.
Question # 18
When average product falls marginal product
Question # 19
Economics of scale are of two kinds
Question # 20
Internal economies of scale include
ICS Part 1 Economics Chapter 11 MCQs Test
Top Scorers Of Chapter 11 "Economics Ics Part 1 English Medium Chapter 11 Online Test" MCQ`s Test
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M Maheen 20 - Feb - 2021 05 Min 36 Sec 19/20 -
A Ali Hassan 10 - Sep - 2022 04 Min 52 Sec 17/20 -
K Kazim 27 - Dec - 2017 05 Min 23 Sec 17/20 -
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A Adil 04 - Jan - 2018 06 Min 32 Sec 14/20 -
M Muhammad umer 06 - Aug - 2018 08 Min 22 Sec 14/20 -
R romana 27 - Dec - 2018 19 Min 16 Sec 14/20 -
Z Zahra 06 - Jul - 2021 02 Min 01 Sec 13/20
ICS Part 1 Economics Chapter 11 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | When MP is zero, TP is |
A. minimum
B. maximum
C. rising
D. falling
|
| 2 | When total product (TP) reaches its maximum, Marginal product (MP) is_ |
A. Zero
B. Positive
C. Negative
D. Rising
|
| 3 | In the second stage of the law of variable of proportions the average product: |
A. Rises
B. Remains constant
C. Falls
D. None of the three
|
| 4 | 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
|
| 5 | Economies of scale |
A. occur when increase in input less than proportionate increase in output
B. suggest that firm's marginal cost curve lies above its average cost curve
C. suggest that the firm's marginal cost curve is declining
D. occur when average cost is falling
|
| 6 | When business expands beyond its optimum level what type of economics will it be getting. |
A. Diseconomies
B. Internal economies
C. External economies
D. Maanagerial economics
|
| 7 | The law of variable proportions was presented by. |
A. David Ricords
B. Alfred Marshall
C. W.J.L. Ryan
D. Pareto
|
| 8 | When diseconomies of scale outweigh economies of scale the |
A. long run AC curve rises
B. marginal cost falls
C. long run ATC curve falls
D. AVC falls
|
| 9 | Marginal product indicates rate of change of |
A. total product
B. average product
C. variable product
D. all of the above
|
| 10 | 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
|
Test Questions