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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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

Which one is the small scale production.

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

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

When average product falls marginal product

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

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

Economics of scale are of two kinds

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

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

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

Law of diminishing returns is a universal law as:

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

The law of increasing returns is also known as:

The concept of internal and external economics was given by.

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

Laws of return apply to firms working in

The law of variable proportions was presented by.

Economies and diseconomies of scale determine the shape of

When total product falls, marginal product is.

during short period, diminishing returns may follow because

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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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