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