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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
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Question # 1
When average product falls marginal product
Question # 2
When total product falls, marginal product is.
Question # 3
When total product (TP) reaches its maximum, Marginal product (MP) is_
Question # 4
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
Question # 5
Economies of scale
Question # 6
The law of variable proportions was presented by.
Question # 7
The government constructed a new water reservoir for the purpose of irrigation; this might be taken as
Question # 8
In production of goods, negative returns in the short run imply that
Question # 9
When total product rises marginal product.
Question # 10
Economics of scale are of two kinds
Question # 11
When MP curve cuts AP curve, the AP is at its.
Question # 12
Commercial economics are a pat of:
Question # 13
during short period, diminishing returns may follow because
Question # 14
When MP is zero, TP is
Question # 15
The law of increasing returns is also known as:
Question # 16
Which one is the third stage of production under law of variable proportions
Question # 17
When diseconomies of scale outweigh economies of scale the
Question # 18
The law of variable proportions was presented by.
Question # 19
Which one will determine scale of production .
Question # 20
When business expands beyond its optimum level what type of economics will it be getting.
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Biology Chapter 1 MCQ - PDF
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