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