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