Question # 1

This is a tool in economic studies

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market

price

firm

functional relation

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

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

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neutral

positive

independent

dependent

Law of equi marginal utility provides basis for.

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Equal distribution of wealth

Economy in taxation

Law of diminishing returns

Law of constant returns

A statement of how one variable affects other variable is

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a quadrant

a variable

an assumption

a functional relationship

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

The talent of a professor is .

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National wealth

International wealth

Personal wealth

Non of them

Total utility is maximised when.

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Marginal utility is zero

Marginal utility falls

Marginal utility rises

Non of the above

Who introduced indifference curves to explain consumer's beghavior

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J.R Hicks

Marshall

Robbins

Adam Smith

3x²=0 is an equation

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linear

quadratic

general

first degree

How many kinds of Function

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2

3

4

5

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)

To measure changes in purchasing power of money, we use

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percentages

index numbers

averages

variables

The first law of consumption was presented by.

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Robert Malthus

Loinel Robbins

Alfred Marshall

Pareto

To show data in tables, we must first

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reduce data

expand data

classify data

all of the above

A bridge will be a

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Private good

Capital goods

Consumer good

Personal good

How many Kinds of variables?

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There are many kinds of variables

There are 2 kinds of variables

There are 3 kinds of variables

There are 4 kinds of variables

According to law of equi-marginal utility a consumer will maximises his total utility when

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He spends all his income on the product only

He spends more on one and less on the other

Marginal utility of the two goods are equalised

Not only the marginals utility of the two goods are equalised, but also the marginal utility of each good is equal to its price.

How many kinds of data?

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2

3

4

5

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