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