A) 5 B) 8 C) 20 D) 10
A) 25 B) 40 C) 30 D) 20
A) range B) mean C) mode D) median
A) ungroup B) all of the above C) single D) grouped
A) a table showing the relationship between price and quantity demanded of a commodity B) the market demand C) the quantity of goods the consumer is prepared to buy D) a table showing the consumer demand in order of importance
A) quantity of goods demanded B) supplier C) Interaction of demand and supply D) quantity of goods supplied
A) Deviation B) Arithmetic mean C) Standard deviation D) Standard mean
A) Summation B) Some many C) So D) Sum plus
A) Mode B) Mean C) Median D) Middle
A) Arithmetic mean B) Median C) Mean D) Mode
A) 40 B) 20 C) 39 D) 10
A) Standard deviation B) Range C) Mean deviation D) Variance
A) Measure of range B) Measure of deviation C) Measure of location D) Measure of variation
A) Range B) Mean C) Median D) Mode
A) Obey B) Interest C) Satisfaction D) Demand and supply
A) Average utility B) Form utility C) Total utility D) Marginal utility
A) Form utility B) Time utility C) Average utility D) Place utility
A) Marginal utility B) Marginal unit C) Mean unit D) Mean utility
A) Price elasticity of demand B) Perfectly elastic demand C) Cross elasticity of demand D) Income elasticity of demand
A) Inelastic supply B) Supply perfect C) Elastic supply D) Zero supply
A) Infinity elasticity B) Greater than one elasticity C) None D) Zero elasticity
A) Elastic elasticity B) Unitary elasticity C) Zero elasticity D) Infinite elasticity
A) marginal utility B) none of the above C) utility D) total utility
A) mode and mean B) mean and percentile C) mean and median D) mode and median
A) total utility / quantity consumed B) Change in total utility / change in consumption C) TU = AUX Qty consumed D) none of the above
A) government policy B) availability of close substitute C) number of producers D) price of other commodities
A) zero elastic B) infinitely elastic C) unitary elastic D) inelastic
A) the consumer’s income B) the consumer’s taste C) change in the color of the commodity D) a change in population size
A) consumer has budget constraint B) consumer taste remain constant C) consumer is assumed irrational D) consumer aims at maximizing his utility
A) economic value of the commodity B) ability to pay for the commodity C) desire for the commodity D) significance of the commodity
A) perfectly elastic demand B) perfectly inelastic demand C) fairly inelastic demand D) fairly elastic demand
A) nature of the product B) time period C) cost of production D) size of consumer’s income
A) form utility B) total utility C) time utility D) place utility
A) shift in the supply curve to the left or to the right B) movement along the supply curve C) shift in supply curve to the left only D) decrease in price and quantity supplied
A) supply B) time C) price D) demand
A) upward sloping from right to left B) downward sloping from left to right C) downward sloping from right to left D) parallel to the quantity axis
A) shift from right to left B) remain in its former position C) shift from left to right and return to its original position D) shift from left to right
A) average cost increases B) total cost decrease C) marginal cost steadily increases D) average cost decreases and then increases
A) Variable Cost (VC) B) Total Fixed Cost (TFC) C) Average Variable Cost (AVC) D) Total Cost (TC)
A) Perfect market B) Monopoly market C) Common market D) Commodity market |