PPSC FPSC Lecturer Economics Online Test 21 Solved MCQs

Given below on this Website Online Free Taleem is free online MCQ’s test related to PPSC of Lecturer Economics. All the individuals who are going to appear in PPSC Lecturer of Economics written test can attempt these tests in order to prepare for it in best possible way. Our tests include all the important questions MCQs of Lecturer of PPSC Economics, all Past Papers of Lecturer of Economics PPSC  that have extremely high amount of chances for been included in the actual exam which make our test undoubtedly the best source of preparation.

Note:-

There will be 25 multiple choice question in the test.
Answer of the questions will change randomly each time you start this test.
Practice this test at least 5 times if you want to secure High Marks.
At the End of the Test you can see your Test score and Rating.
If you found any incorrect answer in Quiz. Simply click on the quiz title and comment below on that MCQ. So that I can update the incorrect answer on time.

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Test Instructions:-
Test Name Lecturer Economics 
Subject Economics Test 21
Test Type MCQs
Total Questions 25
Total Time 20 Minutes
Total Marks 100
0%

You have 20 minutes to pass to the quiz.


PPSC LECTURER OF ECONOMICS ONLINE PRACTICE TEST NO. 21

1 / 25

Excess Capacity implies that there is ................where firm can produce optimally:

2 / 25

Marginal revenue is defined as the change in ......................resulting in selling additional unit of commodity:

3 / 25

Linear isoquant shows the ........................... substitutability of factors of production:

4 / 25

There is concept of ........................ in traditional Theory of Cost:

5 / 25

Returns to scale refers to the .......................... analysis of laws of production:

6 / 25

kinked isoquant shows the ............................ substitutability of factors of production:

7 / 25

Production function shows the technical relationship between .................and .....................

8 / 25

Market demand is defined as:

9 / 25

If elasticity is equal to 1, Demand curve is:

10 / 25

Efficiency parameter in production function refers to the ............................ efficiency:

11 / 25

Total expenditure of consumers of purchasing particular commodity is equal to the ............... of the firms selling the particular commodity:

12 / 25

If price elasticity of demand is more elastic (e > 1), Slope of total revenue will be ................... and marginal revenue will .................................

13 / 25

Input-Output isoquant shows the........................substitutability of factors of production:

14 / 25

Law material bears ...................... relation to output at all level of production:

15 / 25

Total expenditure of consumers in market is derived by:

16 / 25

If price elasticity of demand is less elastic (e < 1), Slope of total revenue will be ..................and marginal revenue will be:

17 / 25

The Slope of the isoquant is called:

18 / 25

The elasticity of substitution of factors is defined as the percentage change in .................... divided by the percentage change in .....................

19 / 25

If price elasticity of demand is unitary elastic (e = 1), Slope of total revenue will be .................. and marginal revenue will be

20 / 25

Total revenue of firm is obtained as the product of .................. and its ..............

21 / 25

Modern cost theory introduces the concept of................... capacity:

22 / 25

Marginal product is defined as the change in..................due to change in ......................

23 / 25

The relationship between marginal revenue and price is explained by the...........................of demand:

24 / 25

If elasticity is equal to infinity, Demand curve is:

25 / 25

Isoquant shows all possible combination of two factors of production ......................... and.................... to produce a given level of output:

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