11th Class Principles of Economics MCQS Part I: Legal Acquisition Online Test 1

3-cp-3-e-amount-of-money-attained-by-selling-marginal-product-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-emarginal-revenue-product-3-c-2-fp-3-e,3-cp-3-e-because-of-increase-in-national-income-3-a-3-c-2-fp-3-e_-_3-cp-3-eliving-standard-improves-3-c-2-fp-3-e,3-cp-3-e-change-in-total-product-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-emarginal-product-3-c-2-fp-3-e,3-cp-3-e-curve-of-law-of-diminishing-marginal-utility-3-a-3-c-2-fp-3-e_-_3-cp-3-emoves-from-left-to-right-downward-3-c-2-fp-3-e,3-cp-3-e-economic-problem-arises-because-human-wants-are-3-a-3-c-2-fp-3-e_-_3-cp-3-eunlimited-3-c-2-fp-3-e,3-cp-3-e-in-economics-2-c-by-demand-for-a-commodity-means-3-a-3-c-2-fp-3-e_-_3-cp-3-eto-have-power-and-desire-to-buy-a-commodity-3-c-2-fp-3-e,3-cp-3-e-in-economics-2-c-every-mental-or-physical-struggle-undertakes-for-neward-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-eentrepreneur-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-short-run-2-c-average-cost-curve-is-3-a-3-c-2-fp-3-e_-_3-cp-3-eu-shaped-3-c-2-fp-3-e,3-cp-3-e-price-is-determined-under-perfect-competition-3-a-3-c-2-fp-3-e_-_3-cp-3-e-by-forces-of-demand-and-supply-3-c-2-fp-3-e,3-cp-3-e-production-of-the-last-unit-of-a-factor-of-production-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-emarginal-product-3-c-2-fp-3-e,3-cp-3-e-quantity-of-a-commodity-offered-lor-sale-in-a-market-at-a-certain-price-during-a-given-period-of-time-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-e-supply-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,3-cp-3-e-tendency-of-demand-curve-of-a-factor-of-production-is-3-a-3-c-2-fp-3-e_-_3-cp-3-enegative-3-c-2-fp-3-e,3-cp-3-e-the-costs-which-change-with-the-change-in-output-2-c-are-called-3-a-3-c-2-fp-3-e_-_3-cp-3-e-variable-costs-3-c-2-fp-3-e,3-cp-3-e-the-costs-which-the-firm-has-to-bear-in-every-condition-in-the-short-period-2-c-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-the-difference-between-total-revenues-28-tr-29-and-total-costs-28-tc-29-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-e-profit-3-c-2-fp-3-e,3-cp-3-e-the-equilibrium-level-of-national-income-is-2-c-where-3-a-3-c-2-fp-3-e_-_3-cp-3-es-3-d-i-3-c-2-fp-3-e,3-cp-3-e-the-most-clear-and-comprehensive-definition-is-given-by-3-a-3-c-2-fp-3-e_-_3-cp-3-e-robbins-3-c-2-fp-3-e,3-cp-3-e-the-slope-of-demand-curve-is-3-a-3-c-2-fp-3-e_-_3-cp-3-enegative-3-c-2-fp-3-e,the-law-which-applies-on-agriculture-immediately-3-a_-_law-of-decreasing-return,under-decreasing-return-2-c-the-slope-of-marginal-product-curve-is-3-a_-_negative,when-average-production-decreases-2-c-marginal-production-3-a_-_is-less-than-average-production,when-average-production-is-maximum-2-c-marginal-production-3-a_-_equal-to-average-production,when-total-product-is-increasing-2-c-marginal-product-3-a_-_positive