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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
According to which economist, it is difficult to find marginal product of a factor of production
Question # 2
Wages of temporary labourers are:
Question # 3
Under perfect competition average revenue is equal to:
Question # 4
Marginal productivity theory was presented by
Question # 5
With the increase of output, which cost of production increases:
Question # 6
If a firm does not produce anything then its variable cost is:
Question # 7
When AC is falling then:
Question # 8
Under monopoly the slopes of AR and MR are:
Question # 9
Amount of money attained by selling marginal product is called
Question # 10
MPP stand is
Question # 11
Firm's cost depends upon:
Question # 12
In short average cost curve is:
Question # 13
According to which economist, it is difficult to find marginal product
Question # 14
Wages of permanent labourers are:
Question # 15
Long run average cost curve 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.
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ICom Part 1 Principles of Economics ( English Medium) Chapter 8 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Under perfect competition average revenue is equal to: |
A. Average cost
B. Price
C. Marginal revenue
D. Both b and c
|
| 2 | According to which theory every factor of production gets the reward of its services equal to its marginal product |
A. Demand and supply theory
B. Liquidity preference theory
C. Marginal productivity theory
D. Uncertainty theory
|
| 3 | When Ac is rising: |
A. AC = MC
B. MC > AC
C. MC < AC
D. Both (b) and (c)
|
| 4 | Wages of temporary labourers are: |
A. Fixed cost
B. Marginal cost
C. Total cost
D. Variable cost
|
| 5 | If a firm does not produce anything then its variable cost is: |
A. Minimum
B. Negative
C. Maximum
D. Zero
|
| 6 | Under perfect competition: |
A. AR > MR
B. AR < MR
C. AR = MR
D. All of three
|
| 7 | Tendency of demand curve of a factor of production is |
A. Positive
B. Negative
C. Zero
D. Horizontal
|
| 8 | MPP stand is |
A. Marginal price product
B. Marginal Physical Product
C. Marginal Physical Price
D. Marginal Perfect Price
|
| 9 | 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
|
| 10 | Marginal revenue product curve is called |
A. Demand curve of firm
B. Supply curve of firm
C. Demand curve of industry
D. Supply curve of industry
|
Test Questions