| 1 |
The utility of an additional unit of a product is |
- A. Law of demand
- B. Law of substitution
- C. Law of supply
- D. Law of diminishing marginal utility
|
| 2 |
A bridge will be a |
- A. Private good
- B. Capital goods
- C. Consumer good
- D. Personal good
|
| 3 |
Initial utility of a product is : |
- A. Highest
- B. Lowest
- C. Conatant
- D. None of them
|
| 4 |
This is a tool in economic studies |
- A. market
- B. price
- C. firm
- D. functional relation
|
| 5 |
A ______ is something which is measurable and can take on different values |
- A. Variable
- B. Constant
- C. Both a and b
- D. None of these
|
| 6 |
In mathematics which letters at the end of alphabet are used to represent variables |
- A. (u,v,w,x,y,z)
- B. (a,b.c.d.e.f.g)
- C. (a.b.c.u.v.w)
- D. ((x,y,z,a,b,c)
|
| 7 |
Who introduced indifference curves to explain consumer's beghavior |
- A. J.R Hicks
- B. Marshall
- C. Robbins
- D. Adam Smith
|
| 8 |
How many kinds of equations? |
|
| 9 |
if X and Y scales are the same a line making 45-degree angle with X-axis has slope |
- A. 1/4
- B. 1/2
- C. 1
- D. constant
|
| 10 |
The maintain social status in life, a person requires. |
- A. Bare necessities of life
- B. Comforts of life
- C. Luxuries of life
- D. All of them
|
