Chapter 12: Mathematical Methods for Economics March 10, 2024 Maven Leave a Comment Welcome to the Chapter 12: Mathematical Methods for Economics Quiz! This quiz is based on the book back questions. Name Email 1. The first differentiation of Total Revenue function gives a. Average Revenue b. Profit c. Marginal Revenue d. Zero None 2. Differentiation of constant term gives a. one b. zero c. infinity d. non-infinity None 3. The elasticity of demand is the ratio of a. Marginal demand function and Revenue function b. Marginal demand function to Average demand function c. Fixed and variable revenues d. Marginal Demand function and Total demand function None 4. State of rest is a point termed as a. Equilibrium b. Non-Equilibrium c. Minimum Point d. Maximum Point None 5. Differentiation of $x^{n}$ = is a. n$x^{n-1}$ b. n$x^{n+1}$ c. zero d. one None 6. Integration is the reverse process of a. Difference b. Mixing c. Amalgamation d. Differentiation None 7. Data processing is done by a. PC alone b. Calculator alone c. Both PC and Calculator d. Pen drive None 8. Fixed Cost is the -----------term in cost function represented in mathematical form. a. Middle b. Price c. Quantity d. Constant None 9. The command Ctrl + M is applied for a. Saving b. Copying c. getting new slide d. deleting a slide None 10. If x+y = 5 and x-y= 3 then, Value of x a. 4 b. 3 c. 16 d. 8 None 11. Suppose determinant of a matrix is 0, then the solution a. Exists b. Does not exist c. is infinity d. is zero None 12. A statement of equality between two quantities is called a. Inequality b. Equality c. Equations d. Functions None 13. An incremental change in dependent variable with respect to change in independent variable is known as a. Slope b. Intercept c. Variant d. Constant None 14. Function with single independent variable is known as a. Multivariate Function b. Bivariate Function c Univariate Function d. Polynomial Function None 15. Mathematical Economics is the integration of a. Mathematics and Economics b. Economics and Statistics c. Economics and Equations d. Graphs and Economics None 16. The construction of demand line or supply line is the result of using a. Matrices b. Calculus c. Algebra d. Analytical Geometry None 17. (y - y1) = m(x - x1) gives the a. Slope b. Straight line c. Constant d. Curve None 18. Suppose D = 150 - 50P. Then, the slope is a. -5 b. 50 c. 5 d. -50 None 19. Suppose D = 50 - 5P. When D is zero then a. P is 10 b. P is 20 c. P is 5 d. P is -10 None 20. The first person used the mathematics in Economics is a. Sir William Petty b. Giovanni Ceva c. Adam Smith d. Irving Fisher None Time's up Related Posts:Chapter 12: Introduction to Statistical Methods and…Chapter 10 : Recruitment MethodsChapter 1: Introduction to Micro EconomicsChapter 1: Introduction to Macro Economics
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