| 1 |
To show data in tables, we must first |
- A. reduce data
- B. expand data
- C. classify data
- D. all of the above
|
| 2 |
Who introduced indifference curves to explain consumer's beghavior |
- A. J.R Hicks
- B. Marshall
- C. Robbins
- D. Adam Smith
|
| 3 |
To measure changes in purchasing power of money, we use |
- A. percentages
- B. index numbers
- C. averages
- D. variables
|
| 4 |
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
|
| 5 |
The talent of a professor is . |
- A. National wealth
- B. International wealth
- C. Personal wealth
- D. Non of them
|
| 6 |
How many Kinds of variables? |
- A. There are many kinds of variables
- B. There are 2 kinds of variables
- C. There are 3 kinds of variables
- D. There are 4 kinds of variables
|
| 7 |
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>
|
| 8 |
A contour line which slopes downward from left to right and yield equal level of satisfaction to consumer with the given income is. |
- A. Negatively slop curve
- B. An indifference curve
- C. Positively sloped Curve
- D. None of the above
|
| 9 |
When the classify data on the basis of income there will be |
- A. class intervals
- B. class numbers
- C. groups
- D. sections
|
| 10 |
The relationship between two variables that move in the same direction is called |
- A. neutral
- B. positive
- C. independent
- D. dependent
|
