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

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11th Principle of Economics Chapter 8 Test

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

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

  • Total Questions15

  • Time Allowed20

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

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Question # 1

Tendency of demand curve of a factor of production is

Question # 2

All factors of production are variable in the:

Question # 3

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

Question # 4

Next best alternative use of resources is known as:

Question # 5

Marginal revenue product curve is called

Question # 6

Under perfect competition:

Question # 7

When AC is falling then:

Question # 8

TC = TFC +:

Question # 9

Marginal revenue product curve is called

Question # 10

Production of the last unit of a factor of production is called

Question # 11

The rate change in total cost is:

Question # 12

Marginal productivity theory was presented by

Question # 13

According to which economist, some factors are indivisble

Question # 14

With the increase of output, which cost of production increases:

Question # 15

If a firm does not produce anything then its variable cost is:

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. Marginal productivity theory . Comprehensive definition . Criticism on marginal productivity theory

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