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This online test contains MCQs about following topics:
. Marginal productivity theory . Comprehensive definition . Criticism on marginal productivity theory
ICOM Part 1 Economics Ch 8 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 8 "Principles of Economics Icom Part 1 English Medium Chapter 8 Online Test"
Try The MCQ's Test For Chapter 8 "Principles of Economics Icom Part 1 English Medium Chapter 8 Online Test"
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Total Questions15
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Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 8 Online Test
00:00
Question # 1
Firm's cost depends upon:
Question # 2
Tendency of demand curve of a factor of production is
Question # 3
According to which economist, some factors are indivisble
Question # 4
TC = TFC +:
Question # 5
Amount of money attained by selling marginal product is called
Question # 6
When Ac is rising:
Question # 7
Production of the last unit of a factor of production is called
Question # 8
Under monopoly the slopes of AR and MR are:
Question # 9
The rate change in total cost is:
Question # 10
In short average cost curve is:
Question # 11
If a firm does not produce anything then its variable cost is:
Question # 12
Marginal revenue product is the amount of money attained by selling
Question # 13
Demand for factors of production is
Question # 14
Fixed cost consists of:
Question # 15
Cost of a firm on the optimum combination of factors of production is
11th Principle of Economics Chapter 8 Test
Here you can prepare 11th Principle of Economics English Medium Chapter 8 Resource Pricing Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 8 "Principles of Economics Icom Part 1 English Medium Chapter 8 Online Test" MCQ`s Test
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M M.Nadir 11 - Mar - 2018 01 Min 57 Sec 15/15 -
A Aliya hassan 05 - Dec - 2020 03 Min 00 Sec 15/15 -
H hamza abid 16 - Aug - 2021 10 Min 50 Sec 15/15 -
S Subtain Ahmed Raza 21 - Jul - 2023 02 Min 37 Sec 14/15 -
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M Muhammad Abrar 25 - Dec - 2020 02 Min 20 Sec 13/15 -
A Arzoo Qaiser 30 - Jan - 2026 02 Min 44 Sec 13/15 -
K kalsoom 11 - Jan - 2024 12 Min 01 Sec 12/15 -
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R raham ghaffar 13 - Jun - 2022 02 Min 22 Sec 9/15 -
F Farhan Sabir 27 - May - 2023 03 Min 17 Sec 9/15 -
A Asif Iqbal 20 - Apr - 2023 04 Min 11 Sec 9/15 -
A Aliza 19 - Aug - 2021 01 Min 21 Sec 8/15 -
A Ali hamza 25 - Dec - 2018 02 Min 56 Sec 8/15 -
N niimra naeem 03 - Nov - 2018 04 Min 08 Sec 8/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 8 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Self owned resources are known as: |
A. Implicit cost
B. Explicit cost
C. Opportunity cost
D. Sunk cost
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| 2 | With the increase of output, which cost of production increases: |
A. VC
B. AC
C. FC
D. MC
|
| 3 | The rate change in total cost is: |
A. TR
B. MC
C. MR
D. TC
|
| 4 | Under perfect competition average revenue is equal to: |
A. Average cost
B. Price
C. Marginal revenue
D. Both b and c
|
| 5 | Fixed cost consists of: |
A. Rent
B. Salaries
C. Interest
D. All of them
|
| 6 | AR curve is also called: |
A. Supply curve
B. Demand curve
C. Utility curve
D. Cost curve
|
| 7 | Demand for factors of production is |
A. Direct
B. Derived
C. Positive
D. Negative
|
| 8 | Cost of a firm on the optimum combination of factors of production is |
A. Minimum
B. Maximum
C. Reasonable
D. Positive
|
| 9 | All factors of production are variable in the: |
A. Market period
B. Long period
C. Short period
D. All of these
|
| 10 | According to which economist, it is difficult to find marginal product of a factor of production |
A. Marshall and pigou
B. Adam Smith and Malthus
C. Keynes
D. Taussing and Davenport
|
Test Questions
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