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

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

Question # 2

Marginal product curve intersects average product curve when AP curve is

Question # 3

Laws of return apply to firms working in

Question # 4

Commercial economics are a pat of:

Question # 5

The law of variable proportions was presented by.

Question # 6

The law of increasing returns is also known as:

Question # 7

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

Question # 8

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

Question # 9

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

Question # 10

When average product falls marginal product

Question # 11

Marginal product indicates rate of change of

Question # 12

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 # 13

When diseconomies of scale outweigh economies of scale the

Question # 14

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

Question # 15

Law of diminishing returns applies more in:

Question # 16

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

Question # 17

Internal economies of scale include

Question # 18

In law of diminishing returns at least one factor

Question # 19

The production function relates to

Question # 20

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

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