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MCQs

Total Questions : 60 | Page 3 of 6 pages
Question 21. Which of the following are the assumptions of Law of variable proportions.
  1.    Law of variable proportion applies to the field of production only.
  2.    The effect of change in output can be easily determined.
  3.    It operates in short run
  4.    All of the above
 Discuss Question
Answer: Option D. -> All of the above


Question 22. The state of technology in Law of variable proportions is______.
  1.    Increasing with output
  2.    Decreasing with output
  3.    Constant
  4.    Negative
 Discuss Question
Answer: Option C. -> Constant


Question 23. When MP is zero TP is ______.
  1.    Constant
  2.    Maximum
  3.    Minimum
  4.    Negative
 Discuss Question
Answer: Option B. -> Maximum


Question 24. As TP increases, MP______.
  1.    Increases
  2.    Decreases
  3.    Remains unchanged
  4.    Remains constant
 Discuss Question
Answer: Option A. -> Increases


Question 25. When TP starts decreasing, MP becomes______.
  1.    Constant
  2.    Maximum
  3.    Minimum
  4.    Negative
 Discuss Question
Answer: Option D. -> Negative


Question 26. When AP is maximum MP=
  1.    AP
  2.    TP
  3.    Both (a)&(b)
  4.    None of the above
 Discuss Question
Answer: Option A. -> AP


Question 27.

Calculate TP at 3rd unit.

Calculate TP At 3rd Unit.

  1.    64
  2.    46
  3.    24
  4.    38
 Discuss Question
Answer: Option A. -> 64


Question 28.

Calculate MP at 4th unit.

Calculate MP At 4th Unit.

  1.    18
  2.    26
  3.    46
  4.    55
 Discuss Question
Answer: Option C. -> 46


Question 29.

Fill in the blanks with correct option.

Fill In The Blanks With Correct Option.

  1.    9
  2.    10
  3.    12
  4.    8
 Discuss Question
Answer: Option B. -> 10


Question 30.

Identify the phase in the following table

Identify The Phase In The Following Table

  1.    First phase
  2.    Second phase
  3.    Third phase
  4.    None of the above
 Discuss Question
Answer: Option A. -> First phase


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