| 1 |
Which one is the small scale production. |
- A. Bata shoe factory
- B. A barber shop
- C. kohinoor Textile Industries
- D. Sufi soap
|
| 2 |
Which one is the third stage of production under law of variable proportions |
- A. Decreasing average returns
- B. Increasing average return
- C. Negative marginal return
- D. Increasing marginal return
|
| 3 |
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
|
| 4 |
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
|
| 5 |
Which one will determine scale of production . |
- A. Financial resources
- B. Production techniques
- C. Extant of the market
- D. All the above
|
| 6 |
Which of the following saying describes diminishing marginal returns in the short run? |
- A. When the cat is away, the mouse will play
- B. Too many cooks spoil the broth
- C. A rolling stone gathers no moss
- D. A stitch in time saves nine
|
| 7 |
In law of diminishing returns at least one factor |
- A. must be constant
- B. must be owned by the firm
- C. must be purchasable
- D. must be efficient
|
| 8 |
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
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| 9 |
If in a production process, all inputs are increased by 10% and output increase by less than 10%, then it is called |
- A. economies of scale
- B. diseconomies of scale
- C. diminishing marginal returns
- D. negative economies
|
| 10 |
When total product rises marginal product. |
- A. Remains the same
- B. Falls
- C. Also rises
- D. None of the three
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