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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
Production of the last unit of a factor of production is called
Question # 2
Under perfect competition average revenue is equal to:
Question # 3
Marginal productivity theory was presented by
Question # 4
According to which economist, it is difficult to find marginal product
Question # 5
Tendency of demand curve of a factor of production is
Question # 6
If a firm does not produce anything then its variable cost is:
Question # 7
Marginal revenue product is the amount of money attained by selling
Question # 8
According to which theory every factor of production gets the reward of its services equal to its marginal product
Question # 9
MPP stand is
Question # 10
In short average cost curve is:
Question # 11
Wages of permanent labourers are:
Question # 12
Marginal revenue product curve is called
Question # 13
Long run average cost curve is:
Question # 14
Fixed cost consists of:
Question # 15
Firm's cost depends upon:
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 | According to which economist, it is difficult to find marginal product |
A. Robbins and Keynes
B. Marshall and pigou
C. Adam Smith and Mathuls
D. Taussing and Davenport
|
| 3 | In short average cost curve is: |
A. Saucer shaped
B. Negative slope
C. U shaped
D. Flatter
|
| 4 | MC cuts AC at: |
A. Maximum point
B. Minimum point
C. Increasing point
D. Decreasing point
|
| 5 | 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
|
| 6 | AR curve is also called: |
A. Supply curve
B. Demand curve
C. Utility curve
D. Cost curve
|
| 7 | MPP stand is |
A. Marginal price product
B. Marginal Physical Product
C. Marginal Physical Price
D. Marginal Perfect Price
|
| 8 | 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
|
| 9 | Self owned resources are known as: |
A. Implicit cost
B. Explicit cost
C. Opportunity cost
D. Sunk cost
|
| 10 | Under monopoly the slopes of AR and MR are: |
A. Zero
B. Positive
C. Negative
D. None of three
|
Test Questions
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