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» Mathematics for Economic Analysis 1 solved MCQs

The set consisting of all the elements which belong to A as well as B is called

Question:

The set consisting of all the elements which belong to A as well as B is called

A.

union

B.

intersection

C.

complement

D.

partition

Answer» b. intersection

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

The set consisting of all the elements which belong to A as well as B is called Read More »

» Mathematics for Economic Analysis 1 solved MCQs

An equation in which all variables are raised to the first power is known as

Question:

An equation in which all variables are raised to the first power is known as

A.

linear equation

B.

non-linear equation

C.

quadratic equation

D.

polynomial of degree two

Answer» a. linear equation

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

If the number of elements of the two sets are equal, then they are called

Question:

If the number of elements of the two sets are equal, then they are called

A.

equal set

B.

equivalent set

C.

order set

D.

subset

Answer» b. equivalent set

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

If the number of elements of the two sets are equal, then they are called Read More »

» Mathematics for Economic Analysis 1 solved MCQs

Given the supply function qS = 12p – 200 and its inverse function p = 1/12 qS + 50/3, p in theinverse function which is interpreted as the minimum price that sellers are willing to accept for the quantity qS is called

Question:

Given the supply function qS = 12p – 200 and its inverse function p = 1/12 qS + 50/3, p in theinverse function which is interpreted as the minimum price that sellers are willing to accept for the quantity qS is called

A.

supply price

B.

demand price

C.

equilibrium price

D.

reserved price

Answer» a. supply price

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

Given the supply function qS = 12p – 200 and its inverse function p = 1/12 qS + 50/3, p in theinverse function which is interpreted as the minimum price that sellers are willing to accept for the quantity qS is called Read More »

» Mathematics for Economic Analysis 1 solved MCQs

A set of totality of elements from all possible sets is called

Question:

A set of totality of elements from all possible sets is called

A.

union set

B.

intersection set

C.

universal set

D.

unit set

Answer» c. universal set

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

A set of totality of elements from all possible sets is called Read More »

» Mathematics for Economic Analysis 1 solved MCQs