Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

» Mathematical Tools for Economics 1 solved MCQs

When S1⊆ S, where S contains at least one element not in S1, S1 is called a —– of S.

Question:

When S1⊆ S, where S contains at least one element not in S1, S1 is called a —– of S.

A.

power of the set

B.

proper subset

C.

equivalent set

D.

unit set

Answer» b. proper subset

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

When S1⊆ S, where S contains at least one element not in S1, S1 is called a —– of S. Read More »

» Mathematical Tools for Economics 1 solved MCQs

An initial estimate of an optimal solution is given to be used in conjunction with thesteepest ascent method to determine the maximum of the function. Which of the following statements is correct?

Question:

An initial estimate of an optimal solution is given to be used in conjunction with thesteepest ascent method to determine the maximum of the function. Which of the following statements is correct?

A.

the function to be optimized must be differentiable.

B.

if the initial estimate is different than the optimal solution, then the magnitude of the gradient is nonzero.

C.

as more iterations are performed, the function values of the solutions at the end of each subsequent iteration must be increasing.

D.

all 3 statements are correct.

Answer» d. all 3 statements are correct.

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

An initial estimate of an optimal solution is given to be used in conjunction with thesteepest ascent method to determine the maximum of the function. Which of the following statements is correct? Read More »

» Mathematical Tools for Economics 1 solved MCQs

A ———— is a relation in which each input has only one output.

Question:

A ———— is a relation in which each input has only one output.

A.

set

B.

function

C.

equation

D.

all the above

Answer» b. function

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

A ———— is a relation in which each input has only one output. Read More »

» Mathematical Tools for Economics 1 solved MCQs

If x and y are two variables such that y = f(x) ,for any value of the x there is acorresponding y value, then x is

Question:

If x and y are two variables such that y = f(x) ,for any value of the x there is acorresponding y value, then x is

A.

dependent variable

B.

constant

C.

independent variable

D.

none of the above

Answer» c. independent variable

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

If x and y are two variables such that y = f(x) ,for any value of the x there is acorresponding y value, then x is Read More »

» Mathematical Tools for Economics 1 solved MCQs

If a set consists of a specific number of different elements, it is called

Question:

If a set consists of a specific number of different elements, it is called

A.

infinite set

B.

finite set

C.

unit set

D.

null set

Answer» b. finite set

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

If a set consists of a specific number of different elements, it is called Read More »

» Mathematical Tools for Economics 1 solved MCQs

A linear equation in two variables is of the form ax + by + c = 0, where

Question:

A linear equation in two variables is of the form ax + by + c = 0, where

A.

a=0, b=0

B.

a ≠0, b≠0

C.

both a and b

D.

none of the above

Answer» b. a ≠0, b≠0

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

A linear equation in two variables is of the form ax + by + c = 0, where Read More »

» Mathematical Tools for Economics 1 solved MCQs

If the rows and columns of a determinant are interchanged, its value will:

Question:

If the rows and columns of a determinant are interchanged, its value will:

A.

change

B.

change sign

C.

not change

D.

become zero

Answer» c. not change

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

If the rows and columns of a determinant are interchanged, its value will: Read More »

» Mathematical Tools for Economics 1 solved MCQs

What is the Cartesian product of A = {1, 2} and B = {a, b}?

Question:

What is the Cartesian product of A = {1, 2} and B = {a, b}?

A.

{(1, a), (1,

B.

, (2, a), (b, b)} b) {(1, 1), (2, 2), (a, a), (b, b)}

C.

{(1, a), (2, a), (1, b), (2, b)}

D.

{(1, 1), (a, a), (2, a), (1, b)}

Answer» c. {(1, a), (2, a), (1, b), (2, b)}

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

What is the Cartesian product of A = {1, 2} and B = {a, b}? Read More »

» Mathematical Tools for Economics 1 solved MCQs