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» Mathematics for Economic Analysis 1 solved MCQs

The variable that stands alone on the left-hand side of the equation such as y = 2x + 1 is known as

Question:

The variable that stands alone on the left-hand side of the equation such as y = 2x + 1 is known as

A.

dependent variable

B.

independent variable

C.

endogenous variable

D.

explained variable

Answer» a. dependent variable

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

The variable that stands alone on the left-hand side of the equation such as y = 2x + 1 is known as Read More »

» Mathematics for Economic Analysis 1 solved MCQs

A collection of well-defined distinct objects thought of as a whole is called

Question:

A collection of well-defined distinct objects thought of as a whole is called

A.

union

B.

derivative

C.

set

D.

integral

Answer» c. set

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

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» Mathematics for Economic Analysis 1 solved MCQs

An iso-cost line represents

Question:

An iso-cost line represents

A.

different combinations of two inputs that can be purchased with a given sum of money

B.

different combinations of two goods that can be purchased with a given income

C.

both (a) and (b)

D.

none of these

Answer» a. different combinations of two inputs that can be purchased with a given sum of money

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

An iso-cost line represents Read More »

» Mathematics for Economic Analysis 1 solved MCQs

Sets and set operations can be represented by drawing diagrams termed as

Question:

Sets and set operations can be represented by drawing diagrams termed as

A.

pie diagrams

B.

venn diagrams

C.

histogram

D.

ogives

Answer» b. venn diagrams

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

Sets and set operations can be represented by drawing diagrams termed as Read More »

» Mathematics for Economic Analysis 1 solved MCQs

the sufficient condition required for the matrix to possess inverse is that the matrix should be

Question:

the sufficient condition required for the matrix to possess inverse is that the matrix should be

A.

square matrix

B.

singular matrix

C.

non-singular matrix

D.

orthogonal matrix

Answer» c. non-singular matrix

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

the sufficient condition required for the matrix to possess inverse is that the matrix should be Read More »

» Mathematics for Economic Analysis 1 solved MCQs