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