(A) Marginal cost
(B) Labour cost
(C) Production cost
(D) Collection cost
Category: Economics Mcqs
Users will find here Economics Mcqs for NTS, CSS, PMS, PPSC, FPSC, KPPSC, AJKPSC, BPSC, PTS, SPSC, Lecturer and all other types of Competitive Exams and Interviews. Economics students can prepare their Economics Portion for all test from here.
The factors of production in economics are:
(A) Two
(B) Six
(C) Three
(D) Four
Labour theory was firstly rejected by:
(A) Karl Max
(B) Ricardo
(C) Adam Smith
(D) Samuelson
Prices are determined by the forces of:
(A) Demand and consumption
(B) Supply and consumption
(C) Demand and supply
(D) None of the above
In monopoly there:
(A) Is one producer
(B) Is one consumer
(C) Are few producers
(D) Are two producers
Isoquant represents:
(A) More output
(B) Equal to output
(C) Less output
(D) Unequal output
Economics theory deals with:
(A) Microeconomics
(B) Macroeconomics
(C) Both of the above
(D) None of the above
The value of exogenous variable is determined by:
(A) Internal forces
(B) Inferior forces
(C) Superior forces
(D) External forces