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