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