( Best 200+ ) Basics of Economics MCQ
Basics of Economics MCQ
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Basics of Economics MCQ
171. Increase in output less than proportional to increase in inputs is
called:
172. A simplified representation of a real situation is called:
173. When marginal product reaches its maximum, what can be said of
total product?
174. When a firm doubles its inputs and finds that its output has more
than doubled, this is known as:
175. When average product is at a maximum, marginal product is:
176. The want satisfying power of a commodity:
177. Supply curve represents ——– relationship between quantity and
price.
178. Laws of return shows ———production function.
179. In classical theory the level of employment is a function of:
180. Consumption of capital good in the process of production is called as:
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