» Quantitative Methods for Economic Analysis 2 solved MCQs

The average of Laspeyre’s and Paasche’s index number which gives Fisher’sindex number is

Byadmin April 29, 2021

Question:

The average of Laspeyre’s and Paasche’s index number which gives Fisher’sindex number is

weighted average

Answer» b. gm

Note:

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

» Micro Economics 1 solved MCQs

Marginal propensity to consume means:

Question:

Marginal propensity to consume means:

A.
Inclination to conspicuous consumption
B.
Low income group spending more
C.
Rate of income spend on consumption
D.
The rate of extra income that will be spent on consumption
Answer» d. The rate of extra income that will be spent on consumption

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

Read More Marginal propensity to consume means:
» Macro Economics 2 solved MCQs

According to the monetarists, inflation is caused by

Question:

According to the monetarists, inflation is caused by

A.
supply shocks.
B.
expansionary fiscal policies.
C.
expansionary monetary policies.
D.
rising prices.
Answer» c. expansionary monetary policies.

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

Read More According to the monetarists, inflation is caused by
» Micro Economics 1 solved MCQs

Engel curve for giffen good is

Question:

Engel curve for giffen good is

A.
positively sloped
B.
negatively sloped
C.
horizontal straight line
D.
vertical straight line
Answer» b. negatively sloped

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

Read More Engel curve for giffen good is
» Mathematical Economics solved MCQs

In the short run, a monopolist will shut down if it is producing a level of output wheremarginal revenue is equal to short-run marginal cost and price is:

Question:

In the short run, a monopolist will shut down if it is producing a level of output wheremarginal revenue is equal to short-run marginal cost and price is:

A.
less than average variable cost
B.
greater than average variable cost.
C.
less than average total cost
D.
greater than average total cost
Answer» a. less than average variable cost

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

Read More In the short run, a monopolist will shut down if it is producing a level of output wheremarginal revenue is equal to short-run marginal cost and price is:
» Mathematics for Economic Analysis 1 solved MCQs

A consumer’s income or budget is 120. She buys two goods, x and y, with prices 3 and 4respectively. Then the budget constraint can be expressed as

Question:

A consumer’s income or budget is 120. She buys two goods, x and y, with prices 3 and 4respectively. Then the budget constraint can be expressed as

A.
4x + 3y = 120
B.
3x + 4y = 120
C.
12x + 12y = 120
D.
cannot be determined
Answer» b. 3x + 4y = 120

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

Read More A consumer’s income or budget is 120. She buys two goods, x and y, with prices 3 and 4respectively. Then the budget constraint can be expressed as
» 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:

The average of Laspeyre’s and Paasche’s index number which gives Fisher’sindex number is

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Marginal propensity to consume means:

According to the monetarists, inflation is caused by

Engel curve for giffen good is

In the short run, a monopolist will shut down if it is producing a level of output wheremarginal revenue is equal to short-run marginal cost and price is:

A consumer’s income or budget is 120. She buys two goods, x and y, with prices 3 and 4respectively. Then the budget constraint can be expressed as

The first derivative of the consumption function is: