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 law of diminishing returns ?

  • Ans 1: When marginal production decreases by applying more units of variable factor with fixed factor is known as law of diminishing return if other things remain the same.
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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 law of diminishing returns ?

  • Ans 1: When marginal production decreases by applying more units of variable factor with fixed factor is known as law of diminishing return if other things remain the same.
Submit

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

Question # 1

Define laws of returns.

  • Ans 1: If other things remaining the same by applying units of variable factor with fixed factor, marginal production increases at optimum point then it becomes constant and finally decreases. This situation appears in short period of time.
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11th Class Principles of Economics Chapter 7 Preparation

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