PPSC Economics Chapter 2 Micro Economics Preparation Online Test
Today attempting the PPSC test is not as much challenge as the candidates think. The reason behind it is that today we find a number of sources and helping content to cover the examination preparation of PPSC. Ilmkidunya is known as one of the major sources of education where students can find potential solutions at every single level of education. Here we come with the PPSC test preparation. Students are provided the chapter wise PPSC online tests. These tests are comprised of the questions that are important for the Economics PPSC test. Here at this page, the team of Ilmkidunya offers the PPSC online test of Economics subject chapter 2. Once after clicking the start test button, you will be directed towards the test and you will find 20 minutes to cover the test.
PPSC Economics Test Chapter 2 Syllabus
Economics subject chapter 2 is comprised of several concepts related to Microeconomics. competition and market structures, consumers, demand, elasticity of demand, entrepreneurs, government failures/public-choice analysis, income distribution, market failures, and some others are the main topics covered under chapter 2.
What is the per unit marginal cost of increasing production from 20 to 25 units.
Question # 2
The demand curve for labor for a monopolist when other inputs are fixed is equal to its
Question # 3
Micro economics is the study of.
Question # 4
In the short run the competitive firm will produce if.
Question # 5
As long as all prices remain constant an increase in money income results in.
Question # 6
The monopolization of the competitive market results in a deadweight loss to society of
Question # 7
The "compensated" demand curve is the demand curve that.
Question # 8
Law of variable proportion sis applicable in.
Question # 9
To maximize revenue, an excise tax should be imposed on a product
Question # 10
The arc income elasticity of demand is approximately
Question # 11
A firm's total revenue is Rs. 4,500 when it sells 15 pairs of boots compared to Rs. 4,480 when it sells 14 pairs,. The marginal revenue of the 15th pair of boots is.
Question # 12
Law of variable proportion is also called.
Question # 13
The classical are of the view that utility can be.
Question # 14
Indifference curve is alwyas.
Question # 15
Assume a cosumer buys 25 units of good X at Rs.8 and 10 units of good Y at Rs. 6 in 1980. If Px = Rs. 6 and Py = Rs. 4 in 1970 the pasasche index is.
Question # 16
When due to change in price of commodity x demand of commodity y is charged it is called.
Question # 17
Duopoly is a market situation when there is
Question # 18
Law of demand is not applicable on
Question # 19
In capitalistic economy price is determined by
Question # 20
Which of the following is correct for the demand and supply schedules given above.
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