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. Data processing is done by a. PC alone b. Calculator alone c. Both PC and Calculator d. Pen drive None 2. Differentiation of $x^{n}$ = is a. n$x^{n-1}$ b. n$x^{n+1}$ c. zero d. one None 3. Differentiation of constant term gives a. one b. zero c. infinity d. non-infinity None 4. The command Ctrl + M is applied for a. Saving b. Copying c. getting new slide d. deleting a slide None 5. If x+y = 5 and x-y= 3 then, Value of x a. 4 b. 3 c. 16 d. 8 None 6. The first differentiation of Total Revenue function gives a. Average Revenue b. Profit c. Marginal Revenue d. Zero None 7. Integration is the reverse process of a. Difference b. Mixing c. Amalgamation d. Differentiation None 8. State of rest is a point termed as a. Equilibrium b. Non-Equilibrium c. Minimum Point d. Maximum Point None 9. Fixed Cost is the -----------term in cost function represented in mathematical form. a. Middle b. Price c. Quantity d. Constant None 10. 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 11. (y - y1) = m(x - x1) gives the a. Slope b. Straight line c. Constant d. Curve None 12. 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 13. The construction of demand line or supply line is the result of using a. Matrices b. Calculus c. Algebra d. Analytical Geometry None 14. The first person used the mathematics in Economics is a. Sir William Petty b. Giovanni Ceva c. Adam Smith d. Irving Fisher None 15. Suppose D = 150 - 50P. Then, the slope is a. -5 b. 50 c. 5 d. -50 None 16. Mathematical Economics is the integration of a. Mathematics and Economics b. Economics and Statistics c. Economics and Equations d. Graphs and Economics None 17. A statement of equality between two quantities is called a. Inequality b. Equality c. Equations d. Functions None 18. Function with single independent variable is known as a. Multivariate Function b. Bivariate Function c Univariate Function d. Polynomial Function 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. 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 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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