| 1 |
This is a tool in economic studies |
- A. market
- B. price
- C. firm
- D. functional relation
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| 2 |
To show data in tables, we must first |
- A. reduce data
- B. expand data
- C. classify data
- D. all of the above
|
| 3 |
The first law of consumption was presented by. |
- A. Robert Malthus
- B. Loinel Robbins
- C. Alfred Marshall
- D. Pareto
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| 4 |
According to law of diminishing marginal utilities , a consumer maximises his total utility where. |
- A. MU<sub>a</sub> = MP<sub>a</sub>
- B. MU<sub>a</sub> = AU<sub>a</sub>
- C. MU<sub>a</sub> = TC<sub>a</sub>
- D. MU<sub>a</sub> = P<sub>a</sub>
|
| 5 |
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
|
| 6 |
Variable are represented by symbol |
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| 7 |
if X and Y scales are the same a line making 45-degree angle with X-axis has slope |
- A. 1/4
- B. 1/2
- C. 1
- D. constant
|
| 8 |
3x<sup>2</sup>=0 is an equation |
- A. linear
- B. quadratic
- C. general
- D. first degree
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| 9 |
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
|
| 10 |
The utility of an additional unit of a product is |
- A. Law of demand
- B. Law of substitution
- C. Law of supply
- D. Law of diminishing marginal utility
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