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First Year Principles of Economics Chapter 7 Online MCQ Test for 1st Year Principles of Economics Chapter 7 (Price and Output Determination)
This online test contains MCQs about following topics:
Principles of Economics Icom Part 1 English Medium Chapter 7 Online Test
Try the Principles of Economics Icom Part 1 English Medium Chapter 7 Online Test.
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Total Questions15
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Time Allowed20
. Normal profit . Super normal profit . Determination of firm's output under perfect competiton . Equilibrium of the firm under perfect competition in the short run . Equilibrium of the firm undre perfect competition in the long run . Equilibrium of the industry inder perfect competition in the long run . Price and output determination under monopoly
ClassName Chapter Wise Test
Here is List Of ClassName Chapter Wise Tests
| Ch. # | Test Name | MCQs Available | PDF File | Answers Mode | Launch Test |
|---|---|---|---|---|---|
| 1 | Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test | 130 | Download PDF | MCQ Answers | Launch Test |
| 1 | Principles of Economics Icom Part 1 English Medium Online Test | 977 | Download PDF | MCQ Answers | Launch Test |
| 2 | Principles of Economics Icom Part 1 English Medium Chapter 2 Online Test | 68 | Download PDF | MCQ Answers | Launch Test |
| 3 | Principles of Economics Icom Part 1 English Medium Chapter 3 Online Test | 194 | Download PDF | MCQ Answers | Launch Test |
| 4 | Principles of Economics Icom Part 1 English Medium Chapter 4 Online Test | 46 | Download PDF | MCQ Answers | Launch Test |
| 5 | Principles of Economics Icom Part 1 English Medium Chapter 5 Online Test | 50 | Download PDF | MCQ Answers | Launch Test |
| 6 | Principles of Economics Icom Part 1 English Medium Chapter 6 Online Test | 64 | Download PDF | MCQ Answers | Launch Test |
| 7 | Principles of Economics Icom Part 1 English Medium Chapter 7 Online Test | 49 | Download PDF | MCQ Answers | Launch Test |
| 8 | Principles of Economics Icom Part 1 English Medium Chapter 8 Online Test | 36 | Download PDF | MCQ Answers | Launch Test |
| 9 | Principles of Economics Icom Part 1 English Medium Chapter 9 Online Test | 67 | Download PDF | MCQ Answers | Launch Test |
| 10 | Principles of Economics Icom Part 1 English Medium Chapter 10 Online Test | 85 | Download PDF | MCQ Answers | Launch Test |
| 11 | Principles of Economics Icom Part 1 English Medium Chapter 11 Online Test | 46 | Download PDF | MCQ Answers | Launch Test |
| 12 | Principles of Economics Icom Part 1 English Medium Chapter 12 Online Test | 66 | Download PDF | MCQ Answers | Launch Test |
| 13 | Principles of Economics Icom Part 1 English Medium Chapter 13 Online Test | 76 | Download PDF | MCQ Answers | Launch Test |
Here you can prepare 11th Principle of Economics English Medium Chapter 7 Price and Output Determination Test. Click the button for 100% free full practice test.
Top Scorers of Online MCQ Test for Biology Class 10
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Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12 -
Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12 -
Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
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Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
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Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
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Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
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Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
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Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
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Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
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Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
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Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
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Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
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Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
Principles of Economics Icom Part 1 English Medium Chapter 7 Online Test (MCQs With Answers)
| Sr. # | Questions | Answers Choice |
|---|---|---|
| 1 | Usually elasticity of demand in equilibrium situation under monopoly is | Equal than unity Less than unity more than unity Zero |
| 2 | The formula of calculating total revenue is | P x Q P x AC AC x Q TC / Q |
| 3 | Law of increasing return is also known as: | Increasing cost Constant cost Diminishing cost Both (a) and (c) |
| 4 | Under monopoly, in the long run a firm | Earns normal profit Earns abnormal profit Bears minimum loss Bears abnormal loss |
| 5 | Shut down point appears, when | AVC=AR AVC>AR AVC<AR AC=AR |
| 6 | When total production is maximum, marginal product is: | Positive Negative Zero Infinite |
| 7 | The difference between total revenue (TR) and total cost (TC) is called | Loss Profit Profit or loss Utility |
| 8 | When average product is maximum, marginal product is: | Positive Equal to AP Zero Negative |
| 9 | Speed of increase in total revenue remains equal with the increase in output | Under monopoly Under oligopoly Under perfect competition Under pure competition |
| 10 | A monopolistic firm has control of | Whole market supply by one firm Whole market supply by two firms Whole market supply by a few firms None of these |
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