11th Class Principles of Economics MCQS Part I: The User's Perspective Online Test 1

3-cp-3-e-accoding-to-law-of-demand-2-c-when-price-of-a-commodity-decreases-2-c-then-demand-curve-moves-3-a-3-c-2-fp-3-e_-_3-cp-3-efrom-left-to-right-downward-3-c-2-fp-3-e,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-average-revenue-curve-under-perfect-competition-is-3-a-3-c-2-fp-3-e_-_3-cp-3-e-horizontal-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-economics-has-been-derived-from-the-word-22-oikonomos-22-2-c-which-is-a-word-of-3-a-3-c-2-fp-3-e_-_3-cp-3-e-latin-language-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-if-supply-decreases-due-to-decrease-in-price-2-c-it-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-econtraction-of-supply-3-c-2-fp-3-e,3-cp-3-e-if-supply-does-not-change-despite-a-change-in-price-2-c-then-elasticity-of-supply-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-ezero-3-c-2-fp-3-e,3-cp-3-e-if-we-subtract-direct-taxes-from-personal-income-2-c-we-get-3-a-3-c-2-fp-3-e_-_3-cp-3-edisposable-personal-income-3-c-2-fp-3-e,3-cp-3-e-in-law-of-decreasing-return-2-c-marginal-product-3-a-3-c-2-fp-3-e_-_3-cp-3-e-decreases-3-c-2-fp-3-e,3-cp-3-e-law-of-diminishing-marginal-utility-is-applicable-3-a-3-c-2-fp-3-e_-_3-cp-3-enecessities-of-life-3-c-2-fp-3-e,3-cp-3-e-laws-which-reflect-religion-and-society-3-a-3-c-2-fp-3-e_-_3-cp-3-emoral-laws-3-c-2-fp-3-e,3-cp-3-e-micro-economics-relates-to-3-a-3-c-2-fp-3-e_-_3-cp-3-ebehaviour-of-firm-3-c-2-fp-3-e,3-cp-3-e-national-income-is-the-total-of-incomes-of-all-3-a-3-c-2-fp-3-e_-_3-cp-3-ethe-people-of-the-country-during-a-year-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-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-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-basic-factor-of-production-is-3-a-3-c-2-fp-3-e_-_3-cp-3-eland-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-shape-of-average-costs-curve-in-the-short-period-is-3-a-3-c-2-fp-3-e_-_3-cp-3-esimilar-to-english-letter-u-3-c-2-fp-3-e,to-determine-consumers-equilibrium-2-c-prof-marshall-got-help-from-the-law-3-a_-_law-of-equi-marginal-utility,utility-is-related-to-3-a_-_desire,when-marginal-utility-is-positive-2-c-total-utility-3-a_-_goes-on-increasing,when-the-marginal-utility-is-negative-2-c-then-total-utility-3-a_-_decreases,which-law-is-applied-when-marginal-utilities-of-all-the-goods-purchased-becomes-equal-to-each-other-3-a_-_law-of-equi-marginal-utility