| 1 |
The first law of consumption was presented by. |
- A. Robert Malthus
- B. Loinel Robbins
- C. Alfred Marshall
- D. Pareto
|
| 2 |
Variable are represented by symbol |
|
| 3 |
A bridge will be a |
- A. Private good
- B. Capital goods
- C. Consumer good
- D. Personal good
|
| 4 |
The relationship between two variables that move in the same direction is called |
- A. neutral
- B. positive
- C. independent
- D. dependent
|
| 5 |
A variable is a symbol which, during a discussion, may assume different values or a set of admissible values. This is the definition of |
- A. Prof. Kooros
- B. Prof. Marshall
- C. Prof. Rabbins
- D. Prof. Kneez
|
| 6 |
3x<sup>2</sup>=0 is an equation |
- A. linear
- B. quadratic
- C. general
- D. first degree
|
| 7 |
To show data in tables, we must first |
- A. reduce data
- B. expand data
- C. classify data
- D. all of the above
|
| 8 |
Initial utility of a product is : |
- A. Highest
- B. Lowest
- C. Conatant
- D. None of them
|
| 9 |
Total utility is maximised when. |
- A. Marginal utility is zero
- B. Marginal utility falls
- C. Marginal utility rises
- D. Non of the above
|
| 10 |
One of the following is not an exception to the law of diminishing marginal utility . |
- A. Money
- B. Knowledge
- C. Music
- D. Non of them
|
