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