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