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