I.Com Part 1 Principles of Economics Chapter 7 Price and Output Determination Short Question Preparation


11th Class Principles of Economics
Chapter 7 Price and Output Determination Preparation

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11th Class Principles of Economics Chapter Wise Preparation

Online Short Questions For Chapter 7 "ICOM Part 1 Economics English Medium Chapter 7 Short Questions Preparation "

Try The Short Questions For ICOM Part 1 Economics English Medium Chapter 7 Short Questions Preparation

  • Total Questions10

  • Available Sets2

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Principles of Economics ( English Medium) - ICOM Part 1 Economics English Medium Chapter 7 Short Questions Preparation

Question # 1

What is variable factor of production ?

  • Ans 1: The factor which can be changed the quantity in short period of time is known as variable factor. Labour and capital are the examples of variable factors of production.
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Prepare Complete Set Wise Questions For Chapter 7 "ICOM Part 1 Economics English Medium Chapter 7 Short Questions Preparation "

ICOM Part 1 Economics English Medium Chapter 7 Short Questions Preparation - Set 1

Question # 1

What is variable factor of production ?

  • Ans 1: The factor which can be changed the quantity in short period of time is known as variable factor. Labour and capital are the examples of variable factors of production.
Submit

ICOM Part 1 Economics English Medium Chapter 7 Short Questions Preparation - Set 2

Question # 1

Define laws of cost.

  • Ans 1: If other things remaining the same by applying different units of variable factors with fixed factor, marginal cost first increases then becomes constant and finally decreases. This is known as laws of cost.
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11th Class Principles of Economics Chapter 7 Preparation

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