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