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Economics Ics Part 1 English Medium Chapter 11 Online Test
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Total Questions20
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Time Allowed30
Economics Ics Part 1 English Medium Chapter 11 Online Test
Which of the following is example of external economies of scale?
In production of goods, negative returns in the short run imply that
The production function relates to
When diseconomies of scale outweigh economies of scale the
When business expands beyond its optimum level what type of economics will it be getting.
Law of decreasing returns generates
The law of variable proportions was presented by.
Which one is the small scale production.
The slopes of average and marginal products curves are always zero under:
When total product (TP) reaches its maximum, Marginal product (MP) is_
Internal economies of scale include
When average product (AP) and marginal product (MP) are rising.
Economies of scale
Laws of return apply to firms working in
When average product falls marginal product
In law of diminishing returns at least one factor
The concept of internal and external economics was given by.
Law of diminishing returns applies more in:
When total product falls, marginal product is.
The law of increasing returns is also known as:
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