» Mathematical Economics solved MCQs

____ refers to the change in total cost (TC) due to the production of an additional unit ofoutput.

Byadmin May 9, 2021

Question:

____ refers to the change in total cost (TC) due to the production of an additional unit ofoutput.

MPC

MPI

MPPL

Answer» b. MC

Note:

The above multiple-choice question is for all general and Competitive Exams in India.

» Mathematics for Economic Analysis 1 solved MCQs

The value of the dependent variable where the graph cuts the y-axis is called

Question:

The value of the dependent variable where the graph cuts the y-axis is called

A.
x-intercept
B.
y-intercept
C.
slope
D.
none of these
Answer» b. y-intercept

Note: The above multiple-choice question is for all general and Competitive Exams in India.

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Theory of demand examines the behaviour of the——–

Question:

Theory of demand examines the behaviour of the——–

A.
Consumer
B.
Producer
C.
Firm
D.
Industry
Answer» a. Consumer

Note: The above multiple-choice question is for all general and Competitive Exams in India.

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Economists from which of the following schools of thought are most likely to favor activistgovernment policies?

Question:

Economists from which of the following schools of thought are most likely to favor activistgovernment policies?

A.
keynesian
B.
monetarist
C.
classical
D.
all of the above
Answer» a. keynesian

Note: The above multiple-choice question is for all general and Competitive Exams in India.

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Employment equilibrium in the Classical theory is achievedthrough:

Question:

Employment equilibrium in the Classical theory is achievedthrough:

A.
wage-price flexibility.
B.
changes in aggregate demand
C.
changes in aggregate supply
D.
none of these.
Answer» a. wage-price flexibility.

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More Employment equilibrium in the Classical theory is achievedthrough:
» Mathematics for Economic Analysis 1 solved MCQs

Given the supply function qS = 12p – 200 and its inverse function p = 1/12 qS + 50/3, p in theinverse function which is interpreted as the minimum price that sellers are willing to accept for the quantity qS is called

Question:

Given the supply function qS = 12p – 200 and its inverse function p = 1/12 qS + 50/3, p in theinverse function which is interpreted as the minimum price that sellers are willing to accept for the quantity qS is called

A.
supply price
B.
demand price
C.
equilibrium price
D.
reserved price
Answer» a. supply price

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More Given the supply function qS = 12p – 200 and its inverse function p = 1/12 qS + 50/3, p in theinverse function which is interpreted as the minimum price that sellers are willing to accept for the quantity qS is called
» Mathematical Economics solved MCQs

Given a total utility function, Marginal utility is obtained by finding ______

Question:

Given a total utility function, Marginal utility is obtained by finding ______

A.
First derivative
B.
Second derivative
C.
Integral
D.
Coefficient
Answer» a. First derivative

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More Given a total utility function, Marginal utility is obtained by finding ______

____ refers to the change in total cost (TC) due to the production of an additional unit ofoutput.

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