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