11th Principles of Economics MCQS
Marginal revenue product is the amount of money attained by selling
Marginal product
None of these
Average product
Total product
According to which economist, it is difficult to find marginal product of a factor of production
Marshall and pigou
Adam Smith and Malthus
Keynes
Taussing and Davenport
Demand for factors of production is
Positive
Negative
Direct
Derived
Production of the last unit of a factor of production is called
Marginal product
Average product
Total product
Positive product
Amount of money attained by selling marginal product is called
Marginal revenue product
Total revenue product
Average revenue product
None of three
1 2