Question: ____ models are mathematical models designed to be used with data. A. Empirical B. Visual C. Mathematical D. Simulation Answer» a. Empirical Note: The above multiple-choice question is for all general and Competitive Exams in India.
Question: Given a consumption function C = 250 + 0.75Yd, autonomous consumption is ____ A. 0.75 B. 0 C. 250 D. -0.75 Answer» c. 250 Note: The above multiple-choice question is for all general and Competitive Exams in India.
Question: In an input-output matrix, the principal diagonal of this matrix represents the amount of inputeach industry takes from ___output. A. other industry’s B. government sector’s C. household sector’s D. its own output Answer» d. its own output Note: The…
Question: Linear Programming deals with: A. Constraints B. Inequalities C. Objective functions D. All the above Answer» d. All the above Note: The above multiple-choice question is for all general and Competitive Exams in India.
Question: In input-output analysis, ___ represents in monetary terms or quantitative terms all thetransactions of the economic system. A. the transaction matrix B. objective functions C. non negativity constrains D. the Answer» a. the transaction matrix Note: The above multiple-choice…
Question: Given TR = 10x, TC = 5x+2, profit function is : A. 5x – 2 B. 5x C. 10x – 5x D. 5x + 2 Answer» a. 5x – 2 Note: The above multiple-choice question is for all general…
Question: The cost per output is given by C = 2x + 27. Then the marginal cost when x = 5 is: A. 2 B. 27 D. 47 Answer» d. 47 Note: The above multiple-choice question is for all general…
Question: Function which map the relation between the physical measure of money and the perceivedvalue of money is _____ A. Income B. Investment C. Demand D. Utility Answer» d. Utility Note: The above multiple-choice question is for all general and…
Question: In linear programming, the number of technical constraints will be ___the number of thefactors of production: A. equal to B. smaller than C. greater than D. the same as Answer» d. the same as Note: The above multiple-choice question…
Question: If your income doubles and the prices of the goods you buy double, then your demand forthese goods will likely ________ A. increase B. not change C. decrease D. shift Answer» b. not change Note: The above multiple-choice question…