Question # 1

Initial utility of a product is :

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Highest

Lowest

Conatant

None of them

When the classify data on the basis of income there will be

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class intervals

class numbers

groups

sections

A bridge will be a

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Private good

Capital goods

Consumer good

Personal good

The maintain social status in life, a person requires.

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Bare necessities of life

Comforts of life

Luxuries of life

All of them

Marginal utility of a product is the utility obtained by consuming.

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First unit of consummption

Each additional unit of consumption

Last unit of consumption

None of the them

Variable are represented by symbol

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V

U

P

C

Which is the general form of quadratic equation

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x²-x-20 = 0

ax²+bx +c = 0

x²- x -c =0

None of these

To show data in tables, we must first

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reduce data

expand data

classify data

all of the above

The relationship between two variables that move in the same direction is called

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neutral

positive

independent

dependent

How many kinds of equations?

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4

3

2

5

Constant are represented by symbol

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C

V

P

U

A contour line which slopes downward from left to right and yield equal level of satisfaction to consumer with the given income is.

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Negatively slop curve

An indifference curve

Positively sloped Curve

None of the above

______ is a science which is concerned with the collection, presentation, and interpretation of numerical data

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Statistics

Economics analysis

Function

None of these

The talent of a professor is .

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National wealth

International wealth

Personal wealth

Non of them

A statement of how one variable affects other variable is

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a quadrant

a variable

an assumption

a functional relationship

In mathematics which letters at the end of alphabet are used to represent variables

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(u,v,w,x,y,z)

(a,b.c.d.e.f.g)

(a.b.c.u.v.w)

((x,y,z,a,b,c)

The first law of consumption was presented by.

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Robert Malthus

Loinel Robbins

Alfred Marshall

Pareto

If we plot the equation y = 20 +3x, its slope is

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20

3

20/3

Indeterminate

To measure changes in purchasing power of money, we use

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percentages

index numbers

averages

variables

if X and Y scales are the same a line making 45-degree angle with X-axis has slope

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1/4

1/2

1

constant

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