» Mathematical Economics solved MCQs

______ function expresses the relationship between price of the good and quantity of thegood demanded.

Byadmin April 30, 2021

Question:

______ function expresses the relationship between price of the good and quantity of thegood demanded.

Supply

Consumption

Demand

Income

Answer» c. Demand

Note:

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

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In the first stage of demographic transition birth rates are:

Question:

In the first stage of demographic transition birth rates are:

A.
. moderate
B.
. high
C.
. low
D.
. none of these
Answer» b. . high

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

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Student t test is preferred in the case of a,

Question:

Student t test is preferred in the case of a,

A.
small sample
B.
large sample
C.
when sample is below 50
D.
when sample is above 50
Answer» a. small sample

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

Read More Student t test is preferred in the case of a,
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State whether Economics is :

Question:

State whether Economics is :

A.
A positive science only
B.
Neither a positive science
C.
A science but not art
D.
A science or an art depending on who uses Economics and for what
Answer» d. A science or an art depending on who uses Economics and for what

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

Read More State whether Economics is :
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Which of the following is a cardinalist approach to demand analysis:

Question:

Which of the following is a cardinalist approach to demand analysis:

A.
Marshallian utility analysis
B.
Indifference Curve Analysis
C.
Revealed Preference Theory
D.
None of these
Answer» a. Marshallian utility analysis

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

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When AR = AC, firm is at:

Question:

When AR = AC, firm is at:

A.
Supernormal profit point
B.
Loss making point
C.
Breakeven point
D.
Minimise losses point
Answer» c. Breakeven point

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

Read More When AR = AC, firm is at:
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A polynomial can have:

Question:

A polynomial can have:

A.
constants
B.
variables
C.
exponents
D.
all the above
Answer» d. all the above

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

Read More A polynomial can have:

______ function expresses the relationship between price of the good and quantity of thegood demanded.

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