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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
Question # 2
According to which economist, some factors are indivisble
Question # 3
Marginal productivity theory was presented by
Question # 4
According to which economist, it is difficult to find marginal product of a factor of production
Question # 5
When Ac is rising:
Question # 6
Tendency of demand curve of a factor of production is
Question # 7
Under perfect competition:
Question # 8
Under monopoly the slopes of AR and MR are:
Question # 9
Demand for factors of production is
Question # 10
According to which theory every factor of production gets the reward of its services equal to its marginal product
Question # 11
Self owned resources are known as:
Question # 12
Marginal revenue product is the amount of money attained by selling
Question # 13
In short average cost curve is:
Question # 14
Under perfect competition average revenue is equal to:
Question # 15
The rate change in total cost 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 | Firm's cost depends upon: |
A. Revenue
B. Supply
C. Price
D. Output
|
| 2 | Tendency of demand curve of a factor of production is |
A. Positive
B. Negative
C. Zero
D. Horizontal
|
| 3 | Self owned resources are known as: |
A. Implicit cost
B. Explicit cost
C. Opportunity cost
D. Sunk cost
|
| 4 | Cost of a firm on the optimum combination of factors of production is |
A. Minimum
B. Maximum
C. Reasonable
D. Positive
|
| 5 | TC = TFC +: |
A. MC
B. AR
C. TVC
D. TAC
|
| 6 | Under monopoly the slopes of AR and MR are: |
A. Zero
B. Positive
C. Negative
D. None of three
|
| 7 | Which law is applicable on production process under marginal productivity theory |
A. Law of increasing return
B. Law of constant return
C. Law of decreasing return
D. Law of decreasing cost
|
| 8 | MC cuts AC at: |
A. Maximum point
B. Minimum point
C. Increasing point
D. Decreasing point
|
| 9 | Under perfect competition: |
A. AR > MR
B. AR < MR
C. AR = MR
D. All of three
|
| 10 | Demand for factors of production is |
A. Direct
B. Derived
C. Positive
D. Negative
|
Test Questions
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