Economics Ics Part 1 English Medium Chapter 11 Online Test

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  • Available questions40
  • Chapter Name11

Economics Ics Part 1 English Medium Chapter 11 Online Test

  • Total Questions20

  • Time Allowed30

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Economics Ics Part 1 English Medium Chapter 11 Online Test

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Question # 1

An important factor which promotes large scale production is:

Question # 2

When diseconomies of scale outweigh economies of scale the

Question # 3

Marginal product indicates rate of change of

Question # 4

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

Question # 5

When total product falls, marginal product is.

Question # 6

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

Question # 7

Which one is the third stage of production under law of variable proportions

Question # 8

Internal economies of scale include

Question # 9

The maximum point of TP curve is at quantity of labour where

Question # 10

Law of decreasing returns generates

Question # 11

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

Question # 12

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

Question # 13

Economies of scale

Question # 14

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

Question # 15

The law of variable proportions was presented by.

Question # 16

The law of increasing returns is also known as:

Question # 17

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

Question # 18

The production function relates to

Question # 19

during short period, diminishing returns may follow because

Question # 20

Law of diminishing returns is a universal law as:

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