Economics MCQS with Answers 1st Year Chapter 17

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Economics MCQS with Answers 1st Year


Marginal revenue products (MRP) curve falls when units of labour
Remain constant
None of the three
Increase
Decrease

Gross profit does NOT include
rent of his own land
taxes
interest of his own capital
pure profit

Profits
are always higher than wages
are pre-detemined
are residual payment
are fixed by contract
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