First Year Principles of Economics Chapter 8 Online MCQ Test for 1st Year Principles of Economics Chapter 8 (Resource Pricing)

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
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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"

  • Total Questions15

  • Time Allowed20

Principles of Economics Icom Part 1 English Medium Chapter 8 Online Test

00:00
Question # 1

All factors of production are variable in the:

Question # 2

According to which economist, some factors are indivisble

Question # 3

AR curve is also called:

Question # 4

Firm's cost depends upon:

Question # 5

Tendency of demand curve of a factor of production is

Question # 6

Under monopoly the slopes of AR and MR are:

Question # 7

MC cuts AC at:

Question # 8

Amount of money attained by selling marginal product is called

Question # 9

Which law is applicable on production process under marginal productivity theory

Question # 10

Marginal revenue product curve is called

Question # 11

Marginal revenue product is the amount of money attained by selling

Question # 12

Demand for factors of production is

Question # 13

When AC is falling then:

Question # 14

According to which economist, it is difficult to find marginal product

Question # 15

Cost of a firm on the optimum combination of factors of production is

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