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