PPSC Lecturer Economics Test 14 Online Preparation MCQs

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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.

Please Click Below START  Button to Take this Lecturer Economics Test Online.

Test Instructions:-
Test Name Lecturer Economics 
Subject Economics Test 14
Test Type MCQs
Total Questions 25
Total Time 20 Minutes
Total Marks 100
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You have 20 minutes to pass to the quiz.

PPSC Lecturer of Economics Test 14

1 / 25

If Marginal cost is equal to marginal revenue it implies that profit is:

2 / 25

Long Run Cost is also known as ............... cost:

3 / 25

Mathematically, Marginal Cost is equal to change in ............ divided by change in output:

4 / 25

In perfect competition the goal of firm is:

5 / 25

In Traditional Cost Theory, Total Cost is equal to:

6 / 25

Graphically, Marginal Cost curve cuts average total cost curve and Average variable cost curve from its..................point:

7 / 25

In perfect competition firms are price taker because of:

8 / 25

Graphically, Marginal Cost curve is slope of .....................curve:

9 / 25

In perfect competition the best approach to measure profit maximization is ...................approach:

10 / 25

Average Variable Cost curve and Average Total Cost curve are ....................shaped:

11 / 25

Average Total Cost is equal to............

12 / 25

In perfect competition, Firm maximizes it profit when total cost is ....................... total revenue:

13 / 25

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

14 / 25

The minimum point of Average total cost curve occurs ..................the minimum point of Average Variable Cost Curve:

15 / 25

In perfect competition, there is ............. mobility of factors of production:

16 / 25

Perfect competition is defined as the................ of rivalry:

17 / 25

In perfect competition, The first condition of firm equilibrium is:

18 / 25

In Perfect Competition firms are Price:

19 / 25

If Marginal cost is greater than marginal revenue it implies that profit is:

20 / 25

In perfect competition The second condition of firm equilibrium is:

21 / 25

In perfect competition, there is ...................... entry and exit of firms:

22 / 25

Average Variable cost is equal to:

23 / 25

If marginal cost is greater than marginal revenue it implies that profit is being:

24 / 25

In perfect competition, government intervention is:

25 / 25

In perfect Competition there is large number of:

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