𝑀𝑃𝐿 𝑀𝑃𝐾 = ____
Question: 𝑀𝑃𝐿 𝑀𝑃𝐾 = ____ A. MPC B. MC C. MRTSLK D. MPPL Answer» c. MRTSLK Note: The above multiple-choice question is for all general and Competitive Exams in India.
» Mathematical Economics solved MCQs
_____ is the best criteria to judge the validity of a model :
Question: _____ is the best criteria to judge the validity of a model : A. Assumptions B. Information it provides C. Its simplicity D. predictive power Answer» d. predictive power Note: The above multiple-choice question is for all general and…
In Cobb Douglas Production of functions, the elasticity of Substitutions is :
Question: In Cobb Douglas Production of functions, the elasticity of Substitutions is : A. greater than one B. equal to one C. less than one D. None of these Answer» b. equal to one Note: The above multiple-choice question is…
For complementary goods the cross elasticity of demand will be ______
Question: For complementary goods the cross elasticity of demand will be ______ A. negative B. zero C. positive D. any of these Answer» a. negative Note: The above multiple-choice question is for all general and Competitive Exams in India.
If u = xnis total utility, the functions of marginal utility u will be:
Question: If u = xnis total utility, the functions of marginal utility u will be: A. nxn+1 B. nxn-1 C. xn+1 D. n 1xn Answer» b. nxn-1 Note: The above multiple-choice question is for all general and Competitive Exams in…
-βrepresents:
Question: -βrepresents: A. Diminishing returns to scale B. Increasing returns to scale C. Constant returns to scale D. None of the above Answer» c. Constant returns to scale Note: The above multiple-choice question is for all general and Competitive Exams…
The best or optimum level of output for a perfectly competitive firm is given by the point:
Question: The best or optimum level of output for a perfectly competitive firm is given by the point: A. MR = AC B. MR = MC C. MR exceeds MC by the greater amount D. MR = MC and MC…
Mathematically ____ is the first derivative of the consumption function.
Question: Mathematically ____ is the first derivative of the consumption function. A. MPS B. MPC C. MPI D. GDP Answer» b. MPC Note: The above multiple-choice question is for all general and Competitive Exams in India.
The market demand curve for a perfectly competitive industry is QD = 12 – 2P. The marketsupply curve is QS = 3 + P. The market will be in equilibrium if:
Question: The market demand curve for a perfectly competitive industry is QD = 12 – 2P. The marketsupply curve is QS = 3 + P. The market will be in equilibrium if: A. P = 6 and Q = B.…
The given function f (x) = ax + b, is an example of ____ function:
Question: The given function f (x) = ax + b, is an example of ____ function: A. quadratic B. polynomial C. linear D. rational Answer» c. linear Note: The above multiple-choice question is for all general and Competitive Exams in…