11th Class Principles of Economics MCQS Part I: Firm's Expenditures (Costs), Production and Receipts (Income) Online Test 1

3-cp-3-e-according-to-law-of-demand-2-c-demand-curve-moves-from-left-to-right-downward-2-c-this-type-of-tendency-is-called-5-c-5-c-3-a-3-c-2-fp-3-e_-_3-cp-3-enegative-tendency-3-c-2-fp-3-e,3-cp-3-e-according-to-which-economist-2-c-national-income-is-the-name-of-total-of-production-of-goods-and-services-3-f-3-c-2-fp-3-e_-_3-cp-3-e-marshall-3-c-2-fp-3-e,3-cp-3-e-according-to-which-theory-every-factor-of-production-gets-the-reward-of-its-services-equal-to-its-marginal-product-3-f-3-c-2-fp-3-e_-_3-cp-3-emarginal-productive-theory-3-c-2-fp-3-e,3-cp-3-e-as-factors-of-production-2-c-river-and-sea-are-called-3-a-3-c-2-fp-3-e_-_3-cp-3-eland-3-c-2-fp-3-e,3-cp-3-e-economics-is-a-science-3-a-3-c-2-fp-3-e_-_3-cp-3-esocial-3-c-2-fp-3-e,3-cp-3-e-if-price-of-a-commodity-remains-constant-but-its-supply-increases-or-price-decreases-but-supply-remains-constant-2-c-it-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-erise-of-supply-3-c-2-fp-3-e,3-cp-3-e-in-law-of-constant-costs-2-c-marginal-cost-5-c-5-c-3-a-3-c-2-fp-3-e_-_3-cp-3-e-remains-the-same-3-c-2-fp-3-e,3-cp-3-e-in-perfect-competition-the-average-revenue-curve-is-3-a-3-c-2-fp-3-e_-_3-cp-3-e-horizontal-3-c-2-fp-3-e,3-cp-3-e-in-short-run-2-c-fixed-cost-curve-has-the-tendency-3-a-3-c-2-fp-3-e_-_3-cp-3-e-parallel-to-ox-axis-3-c-2-fp-3-e,3-cp-3-e-it-cannot-be-separated-from-labourer-3-a-3-c-2-fp-3-e_-_3-cp-3-elabour-3-c-2-fp-3-e,3-cp-3-e-law-of-decreasing-return-is-immediately-applied-on-3-a-3-c-2-fp-3-e_-_3-cp-3-eagriculture-3-c-2-fp-3-e,3-cp-3-e-marginal-revenue-product-is-the-amount-of-money-attained-by-selling-3-a-3-c-2-fp-3-e_-_3-cp-3-e-marginal-product-3-c-2-fp-3-e,3-cp-3-e-national-income-is-found-by-3-a-3-c-2-fp-3-e_-_3-cp-3-esubtracting-indirect-taxes-and-adding-subsidies-in-net-national-product-3-c-2-fp-3-e,3-cp-3-e-one-of-the-following-is-not-included-in-labour-3-a-3-c-2-fp-3-e_-_3-cp-3-eto-look-after-the-child-by-his-mother-3-c-2-fp-3-e,3-cp-3-e-price-is-determined-under-perfect-competition-by-3-a-3-c-2-fp-3-e_-_3-cp-3-eforces-of-demand-and-supply-3-c-2-fp-3-e,3-cp-3-e-rent-of-the-building-2-c-interest-of-the-capital-and-salaries-of-the-permanent-staff-etc-are-called-3-a-3-c-2-fp-3-e_-_3-cp-3-efixed-costs-3-c-2-fp-3-e,3-cp-3-e-shut-down-point-appears-when-3-a-3-c-2-fp-3-e_-_3-cp-3-ear-3-d-avc-3-c-2-fp-3-e,3-cp-3-e-slope-of-demand-curve-of-giffen-28-inferior-29-goods-is-3-a-3-c-2-fp-3-e_-_3-cp-3-e-positive-3-c-2-fp-3-e,3-cp-3-e-slope-of-marginal-utility-curve-is-3-a-3-c-2-fp-3-e_-_3-cp-3-enegative-3-c-2-fp-3-e,3-cp-3-e-supply-curve-moves-from-left-to-right-upward-2-c-this-tendenc-e-2-80-99-called-3-a-3-c-2-fp-3-e_-_3-cp-3-e-positive-3-c-2-fp-3-e,the-formula-of-calculating-total-revenue-is-3-a_-_p-c-3-97-q,to-increase-profit-a-firm-minimizes-3-a_-_costs,when-average-cost-curve-is-falling-2-c-then-marginal-cost-curve-3-a_-_remains-below-it,when-average-cost-falls-2-c-marginal-cost-is-e-2-80-94-average-cost-3-a_-_more-than,which-is-not-included-in-variable-costs-3-a_-_rent-of-building