MR is :
Question: MR is : A. the second order derivative of TR B. the first order derivative of TC C. the first order derivative of TR D. the first order derivative of TR Answer» d. the first order derivative of TR…
» Mathematical Economics solved MCQs
______ function expresses the relationship between price of the good and quantity of thegood demanded.
Question: ______ function expresses the relationship between price of the good and quantity of thegood demanded. A. Supply B. Consumption C. Demand D. Income Answer» c. Demand Note: The above multiple-choice question is for all general and Competitive Exams in…
In input-output analysis,____ is obtained by dividing the input of the desired sector by thetotal output of the same sector.
Question: In input-output analysis,____ is obtained by dividing the input of the desired sector by thetotal output of the same sector. A. the transaction matrix B. a technology coefficient C. non negativity constrains D. the Answer» b. a technology coefficient…
In the short run, a monopolist will shut down if it is producing a level of output wheremarginal revenue is equal to short-run marginal cost and price is:
Question: In the short run, a monopolist will shut down if it is producing a level of output wheremarginal revenue is equal to short-run marginal cost and price is: A. less than average variable cost B. greater than average variable…
In monopoly, when the demand curve is elastic, MR is:
Question: In monopoly, when the demand curve is elastic, MR is: A. 1 B. 0 C. positive D. negative Answer» c. positive Note: The above multiple-choice question is for all general and Competitive Exams in India.
When the total revenue functions is R = 100−X2, the marginal revenue is :
Question: When the total revenue functions is R = 100−X2, the marginal revenue is : A. 100 – 2X B. 100 C. −2X D. −X2 Answer» c. −2X Note: The above multiple-choice question is for all general and Competitive Exams…
For a cost function TC = 3Q2+ 7Q +12, MC is :
Question: For a cost function TC = 3Q2+ 7Q +12, MC is : A. 6Q B. 6Q + 7 C. 3Q + 7 D. undefined Answer» b. 6Q + 7 Note: The above multiple-choice question is for all general and…
Feasible solution of LPP is:
Question: Feasible solution of LPP is: A. Values of decision variables satisfy the constraints B. Values of decision variables satisfy the objective functions C. Values of variable satisfy the objective functions D. the value of the objective function Answer» b.…
At a price of Rs11.00, quantity demanded is 90; and at a price of Rs.9.00, quantity demandedis 110. The price elasticity of demand is:
Question: At a price of Rs11.00, quantity demanded is 90; and at a price of Rs.9.00, quantity demandedis 110. The price elasticity of demand is: A. 0.8 B. 1 C. 1.5 D. -1.22 Answer» d. -1.22 Note: The above multiple-choice…
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…