» Mathematical Tools for Economics 1 solved MCQs

Determine the determinant of hessian of the function 2×2-2y2 − 4y +6 at point (0, 0)?

Byadmin April 27, 2021

Question:

Determine the determinant of hessian of the function 2×2-2y2 − 4y +6 at point (0, 0)?

-4

-8

Answer» d. -8

Note:

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

» Mathematical Economics and Econometrics solved MCQs

The first derivative of the consumption function is:

Question:

The first derivative of the consumption function is:

A.
marginal revenue
B.
marginal cost
C.
marginal propensity to consume
D.
none
Answer» c. marginal propensity to consume

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

Read More The first derivative of the consumption function is:
» 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.

Read More A ———— is a relation in which each input has only one output.
» Micro economics 2 solved MCQs

The market demand curve for a perfectly competitive industry is QD = 12 – 2P. Themarket supply 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. Themarket supply curve is QS = 3 + P. The market will be in equilibrium if

A.
P = 6 and Q = 9
B.
P = 5 and Q = 2
C.
P = 4 and Q = 4
D.
P = 3 and Q = 6
Answer» d. P = 3 and Q = 6

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

Read More The market demand curve for a perfectly competitive industry is QD = 12 – 2P. Themarket supply curve is QS = 3 + P. The market will be in equilibrium if
» Micro Economics 1 solved MCQs

Personal Disposable income is:

Question:

Personal Disposable income is:

A.
Always equal to personal income
B.
Always more than personal income
C.
Equal to personal income minus direct taxes
D.
Equal to personal income minus indirect taxes
Answer» c. Equal to personal income minus direct taxes

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

Read More Personal Disposable income is:
» Macro Economics 1 solved MCQs

Policy Neutrality is the main proposition of:

Question:

Policy Neutrality is the main proposition of:

A.
supply side economics.
B.
keynesian economics
C.
monetarism
D.
rational expectations hypothesis
Answer» d. rational expectations hypothesis

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

Read More Policy Neutrality is the main proposition of:
» Micro Economics 1 solved MCQs

_________ introduced the concept of welfare in the study of economics:

Question:

_________ introduced the concept of welfare in the study of economics:

A.
Fischer
B.
Alfred Marshall
C.
J S Mill
D.
Adam Smith
Answer» b. Alfred Marshall

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

Read More _________ introduced the concept of welfare in the study of economics:

Determine the determinant of hessian of the function 2×2-2y2 − 4y +6 at point (0, 0)?

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The first derivative of the consumption function is:

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The market demand curve for a perfectly competitive industry is QD = 12 – 2P. Themarket supply curve is QS = 3 + P. The market will be in equilibrium if

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_________ introduced the concept of welfare in the study of economics: