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