11th Class Principles of Economics MCQS Part I: Legal Acquisition Online Test 2

3-cp-3-e-want-of-a-commodity-is-satisfied-2-c-when-its-marginal-utility-is-3-a-3-c-2-fp-3-e_-_3-cp-3-ezero-3-c-2-fp-3-e,3-cp-3-e-when-supply-changes-due-to-other-factors-besides-price-2-c-it-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-erise-and-fall-of-supply-3-c-2-fp-3-e,3-cp-3-e-when-ther-is-big-change-in-demand-and-price-of-a-commodity-2-c-it-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-eincome-elasticity-3-c-2-fp-3-e,3-cp-3-e-when-total-revenue-and-total-cost-of-a-firm-are-equal-2-c-the-firm-earns-3-a-3-c-2-fp-3-e_-_3-cp-3-enormal-profit-3-c-2-fp-3-e,3-cp-3-e-which-factor-cannot-be-stored-3-f-3-c-2-fp-3-e_-_3-cp-3-elabour-3-c-2-fp-3-e,3-cp-3-e-which-factor-is-the-oldest-and-basic-factor-of-production-3-a-3-c-2-fp-3-e_-_3-cp-3-eland-3-c-2-fp-3-e,3-cp-3-e-who-comprehensive-present-the-concept-of-equilibrium-level-of-national-income-was-presented-comprehensively-by-3-a-3-c-2-fp-3-e_-_3-cp-3-e-prof-keynes-3-c-2-fp-3-e,3-cp-3-e-who-said-that-economics-has-the-place-of-intellectual-religion-3-f-3-c-2-fp-3-e_-_3-cp-3-e-durban-3-c-2-fp-3-e,3-cp-3-e-who-stated-that-utility-is-measurable-3-f-3-c-2-fp-3-e_-_3-cp-3-e-marshall-3-c-2-fp-3-e,3-cp-3-ea-monopolistic-firm-has-control-of-3-a-3-c-2-fp-3-e_-_3-cp-3-e-whole-market-supply-by-one-firm-3-c-2-fp-3-e,change-in-total-product-is-called-3-a_-_marginal-product,in-law-of-constant-costs-2-c-marginal-cost-3-a_-_remains-the-same,in-law-of-constant-return-2-c-marginal-product-3-a_-_remains-constant,in-law-of-decreasing-return-2-c-marginal-product-3-a_-_decreases,in-law-of-increasing-cost-2-c-marginal-cost-3-a_-_increases,in-the-law-of-decreasing-cost-2-c-marginal-cost-3-a_-_increases,law-of-increasing-return-is-highly-applied-on-3-a_-_industry,marginal-production-is-denoted-by-3-a_-_mp,the-costs-which-change-with-the-change-in-output-2-c-are-called-3-a_-_variable-costs,the-law-of-diminishing-returns-is-also-called-3-a_-_law-of-increasing-costs,the-other-name-of-law-of-constant-return-is-3-a_-_constant-cost,under-increasing-return-2-c-the-slope-of-marginal-product-curve-is-3-a_-_positive,when-average-production-increases-2-c-marginal-production-3-a_-_also-increases,when-marginal-product-is-zero-2-c-total-product-is-3-a_-_maximum,when-total-product-is-maximum-2-c-marginal-product-will-be-3-a_-_zero