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PPSC Economics Chapter 13 Mathematics in Economics MCQs With Answers
Question # 1
The increase in dependent variable that results when the independent variable increases by one unit in a simple lines. function is called.
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Y intercept of the curve
Slope of the curve
X intercept of the curve
Marginal value
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Question # 2
Ordered Pairs of two sets are called.
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Elements
Function
Cartesian product
None of the above
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Question # 3
Given the demand function qo = -8p +2000 and tis inverse p = -1/8 qo + 250 ,p in the inverse function which is interpreted as the maximum price that buyers are willing to pay for the.
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Supply price
Demand price
Equilibrium price
Reserved price
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Question # 4
The simplest form of rectangular hyperbola is
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y = 1/x
y = x2
y = x-2
y = x3
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Question # 5
A determinant composed of all the first order partial derivatives of a system of equations, arranged in ordered sequence is called.
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Hassian determinatn
Jacobian determiant
Discrimianant
First order determinant
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Question # 6
If each element of a raw of column of a square matrix A is zero, then the value of the determinant. is.
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Equal
One
Zero
None of these
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Question # 7
For any square matrix a of order 'n'a (Ad)A) is equal to.
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(Ad) A) A
Determinant A
Rank of A
Both a and b
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Question # 8
AB = BA = 1 , then B is said to
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Ad joint of matrix of A
Inverse matrix of A
Determinant of A
Cofactor of a
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Question # 9
An equation in which all variables are raised to the first power is known as.
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Linear equation
Non linear equation
Quadratic equation
Polynomial of degree two
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Question # 10
If any equation involving two variables, such as y -=2x + 1, the variable that appears on the right hand side of the equation is by convention called.
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Dependent variable
independent variable
Endogenous variable
Explained variable
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Question # 11
If a Set C contain all the elements which are present in both the set A and B then set C is called.
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Union of A and B
Intersection of A and B
Complement of A
Complement of B
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Question # 12
Relation between two numbers or variables are called.
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Function
Binary relation
Inverse relation
None of the above
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Question # 13
If matrix A is of m x n dimension, then A will be
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n x m dimension
m x n dimension
n x p dimension
m x m dimension
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Question # 14
The associative law of union is
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AU (BUC= (AUB)
U C
AUB = BUA
BUC = BUA
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Question # 15
Union of A with B is same as union of B with A, that is AUB = BUA is termed as
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Associative law of union
Cumulative law of union
Reflective law
All the above
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Question # 16
For any square matrix A of order 'n' a +A is.
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Skew symmetric
Non skew symmetric
Symmetric
Non symmetric
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Question # 17
If the determinant formed by the elements of the matrix is not equal to zero, then the matrix is called.
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Skew symmetric
Symmetric
Singular
Non -singular
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Question # 18
The equilibrium price and quantity , given the inverse demand and supply functions.
po = 3q +30 and p s = 2q -5
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p = 9 and q = 7
p = 10 and q = 7
p = 9 and q = 8
p = 7 and q = 9
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Question # 19
A mathematical statement setting two algebraic expressions equal to each other is called.
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Equations
Hypothesis
Inequality
All of above
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Question # 20
A inverse is defined only if A is a
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Square matrix
Column vector
Orthogonal matrix
Skew symmetric matrix
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Question # 21
The set of all elements belonging to A but not to B is.
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B - A
A - B
A'
B'
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