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