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» Mathematics for Economic Analysis 1 solved MCQs

If two sets do not have any common element, then they are called

Question:

If two sets do not have any common element, then they are called

A.

complement sets

B.

joint sets

C.

disjoint sets

D.

none of these

Answer» c. disjoint sets

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 every element of a set B is also an element of A, then

Question:

If every element of a set B is also an element of A, then

A.

a is a subset of b

B.

b is a subset of a

C.

a is not a subset of b

D.

b is not a subset of a

Answer» b. b is a subset of a

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 value of the Jacobian determinant = 0, the equations are

Question:

If the value of the Jacobian determinant = 0, the equations are

A.

functionally dependent

B.

functionally independent

C.

linearly independent

D.

none of these

Answer» a. functionally dependent

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

A Jacobian determinant is used to test

Question:

A Jacobian determinant is used to test

A.

linear functional dependence between equations

B.

non-linear functional dependence between equations

C.

both linear and non-linear functional dependence between equations

D.

none of these

Answer» c. both linear and non-linear functional dependence between equations

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

A Jacobian determinant is used to test Read More »

» Mathematics for Economic Analysis 1 solved MCQs

When the demand for a good is given by Q=50-P, the maximum amount that would bedemanded at nil price

Question:

When the demand for a good is given by Q=50-P, the maximum amount that would bedemanded at nil price

A.

1

B.

0

C.

40

D.

50

Answer» d. 50

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