In linear programming, _____are expressed as inequalities, rather than equalities.
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
» Mathematical Economics solved MCQs
A ____ is a point at which a function is at a relative maximum or minimum:
A ____ is a point at which a function is at a relative maximum or minimum:
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
For a utility function u = xy + 3x + 4y, marginal utility of good x is:
For a utility function u = xy + 3x + 4y, marginal utility of good x is:
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
The slope of ___curve will be positive if and only if the marginal cost curve lies above theAC curve.
The slope of ___curve will be positive if and only if the marginal cost curve lies above theAC curve.
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
_____ measures the change in TP due to a one unit change in the quantity of labour used:
_____ measures the change in TP due to a one unit change in the quantity of labour used:
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
In a monopoly, marginal revenue is:
In a monopoly, marginal revenue is:
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
If the demand facing a monopolist is P = 100 − 10Q and marginal cost is constant at 20, thenthe profit maximizing price and quantity for this monopolist are:
If the demand facing a monopolist is P = 100 − 10Q and marginal cost is constant at 20, thenthe profit maximizing price and quantity for this monopolist are:
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
The value of Lagrange multiplier λ gives the approximate change in the objective functioncaused by a small change in the:
The value of Lagrange multiplier λ gives the approximate change in the objective functioncaused by a small change in the:
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
A profit-maximizing monopoly firm with a demand curve P = 50 − Q is a perfect pricediscriminator. If it has marginal costs of Rs. 10/unit and fixed costs of Rs. 30, it will produce_____ units of output and will make______ profit.
A profit-maximizing monopoly firm with a demand curve P = 50 − Q is a perfect pricediscriminator. If it has marginal costs of Rs. 10/unit and fixed costs of Rs. 30, it will produce_____ units of output and will make______ profit.
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
The Price elasticity of demand for a product is 1.5 and its MR = 8, find its price:
The Price elasticity of demand for a product is 1.5 and its MR = 8, find its price:
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |