| 1 |
A statement of how one variable affects other variable is |
- A. a quadrant
- B. a variable
- C. an assumption
- D. a functional relationship
|
| 2 |
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
|
| 3 |
Law of equi marginal utility provides basis for. |
- A. Equal distribution of wealth
- B. Economy in taxation
- C. Law of diminishing returns
- D. Law of constant returns
|
| 4 |
<div>When marginal utility of a product is zero its total utility will be.</div> |
- A. Increase
- B. Decreasing
- C. Maximum
- D. Constant
|
| 5 |
A contour line which slopes downward from left to right and yield equal level of satisfaction to consumer with the given income is. |
- A. Negatively slop curve
- B. An indifference curve
- C. Positively sloped Curve
- D. None of the above
|
| 6 |
How many kinds of Function |
|
| 7 |
Variable are represented by symbol |
|
| 8 |
One of the following will not be an assumption of the law of diminishing marginal utility. |
- A. Nature of the product should not changed
- B. Mental condition of the consumer
- C. Income of the consumer should not changed
- D. None of the three
|
| 9 |
The relationship between two variables that move in the same direction is called |
- A. neutral
- B. positive
- C. independent
- D. dependent
|
| 10 |
How many kinds of equations? |
|
