Bachelor of Arts in Economics (BA Economics)

Determine the minimum of the function f(x,y)= x2+y2 ? Use the point (2, 1) as the initial estimate of the optimal solution. Conduct one iteration.

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Question:

Determine the minimum of the function f(x,y)= x2+y2 ? Use the point (2, 1) as the initial estimate of the optimal solution. Conduct one iteration.

A.

(2,1)

B.

(−6,−3)

C.

(0,0)

D.

(1,−1)

Answer» d. (1,−1)

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

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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. 

A major argument in favour of advertising is that:

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Question:

A major argument in favour of advertising is that:

A.

it provides information to consumers that allows them to make better choices

B.

it helps people reaffirm their tastes and preferences

C.

it reduces competition among firms in the industry, leading to lower prices

D.

it is usually linked to promotions, which help lower the market\s price

Answer» a. it provides information to consumers that allows them to make better choices

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

One difference between perfect competition and monopolistic competition is that:

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Question:

One difference between perfect competition and monopolistic competition is that:

A.

In perfect competition, the products are slightly differentiated between firms

B.

There are a larger number of firms in monopolistic competition

C.

There are a smaller number of firms in perfectly competitive industries

D.

Firms in monopolistic competition have some degree of market power

Answer» d. Firms in monopolistic competition have some degree of market power

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