11th Class Principles of Economics MCQS Part I: Price and Production Determination (Perfect Competition, Monopoly) Online Test 1

3-cp-3-e-according-to-which-economist-2-c-it-is-difficult-to-find-maginal-product-of-a-factor-of-production-3-f-3-c-2-fp-3-e_-_3-cp-3-e-taussig-and-devenport-3-c-2-fp-3-e,3-cp-3-e-cannon-2-c-pigou-and-parto-belonged-to-school-of-thought-3-a-3-c-2-fp-3-e_-_3-cp-3-eneo-classical-3-c-2-fp-3-e,3-cp-3-e-cause-of-shifting-of-supply-curve-is-3-a-3-c-2-fp-3-e_-_3-cp-3-eother-factors-3-c-2-fp-3-e,3-cp-3-e-due-to-fall-in-price-2-c-demand-for-giffin-goods-3-a-3-c-2-fp-3-e_-_3-cp-3-edecreases-3-c-2-fp-3-e,3-cp-3-e-economics-according-to-its-scope-is-3-a-3-c-2-fp-3-e_-_3-cp-3-escience-and-art-3-c-2-fp-3-e,3-cp-3-e-elasticity-of-supply-is-the-name-of-3-a-3-c-2-fp-3-e_-_3-cp-3-efeature-of-change-in-supply-3-c-2-fp-3-e,3-cp-3-e-firm-e-2-80-99-s-equilibrium-is-at-that-point-where-3-a-3-c-2-fp-3-e_-_3-cp-3-emc-3-d-mr-3-c-2-fp-3-e,3-cp-3-e-free-gift-of-nature-is-3-a-3-c-2-fp-3-e_-_3-cp-3-eland-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-short-run-2-c-a-monopolist-firm-usually-gains-3-a-3-c-2-fp-3-e_-_3-cp-3-e-abnormal-profit-3-c-2-fp-3-e,3-cp-3-e-in-the-law-of-decreasing-cost-2-c-marginal-cost-3-a-3-c-2-fp-3-e_-_3-cp-3-eincreases-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-increases-by-3-a-3-c-2-fp-3-e_-_3-cp-3-ethe-increase-in-the-quantity-of-goods-and-services-3-c-2-fp-3-e,3-cp-3-e-non-elastic-demand-curve-is-3-a-3-c-2-fp-3-e_-_3-cp-3-evertical-3-c-2-fp-3-e,3-cp-3-e-number-of-factors-of-production-is-3-a-3-c-2-fp-3-e_-_3-cp-3-efour-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-other-name-of-law-of-equi-marginal-utility-is-3-a-3-c-2-fp-3-e_-_3-cp-3-e-law-of-diminishing-marginal-utility-3-c-2-fp-3-e,3-cp-3-e-period-of-national-income-counting-is-3-a-3-c-2-fp-3-e_-_3-cp-3-eone-year-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,the-entry-in-firms-in-monopoly-is-3-a_-_with-the-permission-of-govt,under-perfect-competition-2-c-a-firm-is-in-equilibrium-when-3-a_-_mr-3-d-mc,when-price-2-c-mr-and-ar-are-equal-2-c-market-is-called-3-a_-_perfect-competition