PPSC FPSC Lecturer Economics Online Test 23 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 NameLecturer Economics 
SubjectEconomics Test 23
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100
0%

You have 20 minutes to pass to the quiz.

You have 20 minutes to pass to the quiz.


PPSC LECTURER OF ECONOMICS ONLINE PRACTICE TEST NO. 23

1 / 25

In perfect competition and in case of long run increase in fixed cost will take the firm out of the business because firm earns ..................... profit in long run:

2 / 25

An industry is a decreasing-cost industry, if prices of factors of production .................. as the output of industry expands:

3 / 25

An industry is a constant cost industry, if prices of factors of production remains ................. as the output of industry expands:

4 / 25

An industry is said to be increasing-cost industry if its long-rub supply curve is:

5 / 25

In perfect competition, the first condition for optimal resource allocation is that output is produced at.................. feasible cost:

6 / 25

In perfect competition P (price) is equal to:

7 / 25

An industry is said to be decreasing-cost industry if its long-run supply curve is:

8 / 25

In perfect competition and in case of short run, if fixed cost rises, firm continues its production because rise in fixed cost does not effect:

9 / 25

In perfect competition, the second condition for optimal resource allocation is that consumers pay ............. possible prices:

10 / 25

In perfect competition and in case of short run if fixed cost increase, firm will.................its production:

11 / 25

In perfect competition and in case of short run equilibrium, firm losses its profit if average total cost is ................the price at equilibrium:

12 / 25

In perfect competition The second condition of firm equilibrium is:

13 / 25

In perfect competition, The third condition for optimal resource allocation is that plants of the firm uses its ................... capacity:

14 / 25

An industry is said to be constant-cost industry if it long-run supply curve is:

15 / 25

An industry is a increasing-cost industry, if prices of factors of production................ as the output of industry expands:

16 / 25

In pure competition, Average revenue is equal to ...................... and ........................

17 / 25

Optimal resource allocation implies that there is ..........................in long run equilibrium of the industry:

18 / 25

In perfect competition and in case of short run equilibrium level of profit depends on the level of:

19 / 25

In perfect competition, In long run , the equilibrium of the firm is:

20 / 25

In perfect competition, in case of short-run , if wages/rent of capital changes it effects:

21 / 25

in perfect competition and in case of short run, if variable cost increases, price of the product will .............. and output will ..............:

22 / 25

In perfect competition and in case of long run, firms earn ......................... profit:

23 / 25

In perfect competition and in case of short run equilibrium, firm earns excess profit if average total cost is ................ the price at equilibrium:

24 / 25

In perfect competition and in case of short run equilibrium, firm earns normal profit if average total cost is......................... the price at equilibrium:

25 / 25

In perfect competition, the fourth condition for optimal resource allocation is that firms earn ....................... profit:

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