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