11th Principle of Economics Chapter 5 Test

This online test contains MCQs about following topics:

. Analysis of firms output . Laws of return . Law of increasing return . Application of law of increasing return . Law of constant return . Law of diminishing return . Laws of costs . Allpication of law of deminishing return

Here you can prepare 11th Principle of Economics English Medium Chapter 5 Laws of Return Test. Click the button for 100% free full practice test.

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First Year Principles of Economics Chapter 5 Online MCQ Test for 1st Year Principles of Economics Chapter 5 (Laws of Return)

11th Principle of Economics Chapter 5 Test

Principles of Economics Icom Part 1 English Medium Chapter 5 Online Test

Principles of Economics Icom Part 1 English Medium Chapter 5 Online Test

In the market period supply is:

The number of laws of cost are

Increasing marginal product shows the law

Applied on agriculture immediately

In a production process, when units of variable factors along with the fixed factor of production are increased, marginal cost remains the same, this tendency in economics is called

Price of perishable goods is determined in:

Equilibrium price is determined in.

Total product decreases, when marginal product is

When total product is maximum, marginal product

Supply is Fixed of:

In law of decreasing cost, marginal cost

No factor can take the place of any other factor, it is explained by

When Demand > Supply it will be:

When average product decreases, marginal product

The second name of law of constant return is

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