Mathematical-Economics Solved MCQs (Set-6)
Mathematical-Economics Solved MCQs (Set-6)
Mathematical-Economics Solved MCQs (Set-6)
a
q M
c Economics MCQs [set-6]
Mathematical
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126. If your income doubles and the prices of the goods you buy double,
then your demand for these goods will likely ________
A. increase
B. not change
C. decrease
D. shift
Answer: B
A. Cricket boots
B. Tennis shoes
C. Tennis socks
D. Football boots
Answer: D
A. optimization
B. minimisation
C. maximisation
D. any of these
Answer: A
C. inflection
D. critical value
Answer: B
B. objective function
D. any of these
Answer: A
131. The first derivative measures the rate of change or ____ of a function:
A. intercept
B. convexity
C. slope
D. concavity
Answer: C
A. 6Q
B. 6Q + 7
C. 3Q + 7
D. undefined
Answer: B
Answer: D
134. In optimisation, with the first order derivative equal to ___ and the
second order derivative ___ the function is at a maximum.
A. 0, 0
B. 0, < 0
C. 0, > 0
D. > 0, 0
Answer: B
135. When we optimise a function, with the first order derivative equal to
___ and the second order derivative ___ the function is at a relative
minimum.
A. 0, 0
B. 0, < 0
C. 0, > 0
D. > 0, 0
Answer: C
B. equal to one
Answer: B
A. minimization
B. Shadow Pricing
C. Maximisation
D. None of these
Answer: A
A. Constraints
B. Inequalities
C. Objective functions
Answer: D
140. A production function is said to be _____, if, when each input factor is
multiplied by a positive real constant k, the constant can be completely
factored out:
A. homogenou
A. Hypothetic
B. Homothetic
C. Objective
D. Value
Answer: B
A. equal to
B. smaller than
C. greater than
D. the same as
Answer: D
B. objective functions
C. dual
D. primal
Answer: A
B. objective functions
D. primal
Answer: C
B. objective functions
D. the
Answer: A
D. the
Answer: B
B. a technology coefficient
B. a technology coefficient
D. the
Answer: D
B. a technology coefficient
D. the
Answer: C
A. a12
B. a21
C. a11
D. a22
Answer: A
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