» Quantitative Methods for Economic Analysis 2 solved MCQs

When there is perfect correlation, the value of the correlation coefficient is:

Byadmin May 10, 2021

Question:

When there is perfect correlation, the value of the correlation coefficient is:

-1

±1

Answer» c. ±1

Note:

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

» Mathematics for Economic Analysis 1 solved MCQs

Solving the simultaneous equations 8x + 4y = 12 and -2x + y = 9 gives

Question:

Solving the simultaneous equations 8x + 4y = 12 and -2x + y = 9 gives

A.
x = -3/2 and y = 6
B.
x = 4 and y = 2
C.
x = ½ and y = ½
D.
none of these
Answer» a. x = -3/2 and y = 6

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

Read More Solving the simultaneous equations 8x + 4y = 12 and -2x + y = 9 gives
» Micro economics 2 solved MCQs

If an additional worker costs you Rs. 15 per hour, and that person can add 25 units of output to the firm, you should hire that person as long as

Question:

If an additional worker costs you Rs. 15 per hour, and that person can add 25 units of output to the firm, you should hire that person as long as

A.
25 remains above rs.15
B.
25/rs.15 is greater than zero
C.
rs.15/25 is great than zero
D.
the value of the marginal product is above rs.15 …………………….
Answer» d. the value of the marginal product is above rs.15 …………………….

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

Read More If an additional worker costs you Rs. 15 per hour, and that person can add 25 units of output to the firm, you should hire that person as long as
» Quantitative Methods for Economic Analysis 1 solved MCQs

The term econometrics was coined by

Question:

The term econometrics was coined by

A.
marsahll
B.
pawel
C.
ragnar frisch
D.
pareto
Answer» c. ragnar frisch

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

Read More The term econometrics was coined by
» Mathematical Economics solved MCQs

Given the consumption function C = a + bY, where ‘a’, the intercept, represents_____

Question:

Given the consumption function C = a + bY, where ‘a’, the intercept, represents_____

A.
Income
B.
autonomous consumption
C.
Demand
D.
Saving
Answer» b. autonomous consumption

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

Read More Given the consumption function C = a + bY, where ‘a’, the intercept, represents_____
» Micro Economics 1 solved MCQs

An increase in supply means:

Question:

An increase in supply means:

A.
Movement down given supply curve
B.
Movement upward given supply curve
C.
Leftward shift in supply curve
D.
Rightward shift in supply curve
Answer» d. Rightward shift in supply curve

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

Read More An increase in supply means:
» Micro Economics 1 solved MCQs

The addition to the total revenue by the sale of an additional unit is:

Question:

The addition to the total revenue by the sale of an additional unit is:

A.
Total revenue
B.
Average revenue
C.
Value added
D.
Marginal revenue
Answer» d. Marginal revenue

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

Read More The addition to the total revenue by the sale of an additional unit is:

When there is perfect correlation, the value of the correlation coefficient is:

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Solving the simultaneous equations 8x + 4y = 12 and -2x + y = 9 gives

If an additional worker costs you Rs. 15 per hour, and that person can add 25 units of output to the firm, you should hire that person as long as

The term econometrics was coined by

Given the consumption function C = a + bY, where ‘a’, the intercept, represents_____

An increase in supply means:

The addition to the total revenue by the sale of an additional unit is: