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