Top 50+ Solved Mathematical Economics and Econometrics MCQ Questions Answer
Q. The relationship between the price of the commodity and quantity of thecommodity demanded :
a. supply
b. demand
c. elasticity
d. none
Q. The relationship between the price of the commodity and quantity of thecommodity supplied:
a. demand
b. equilibrium
c. supply
d. none
Q. The transformation of physical inputs in to physical outputs:
a. production
b. consumption
c. distribution
d. investment
Q. The difference between the present level of income and the past level ofincome:
a. saving
b. consumption
c. investment
d. none
Q. The first derivative of the consumption function is:
a. marginal revenue
b. marginal cost
c. marginal propensity to consume
d. none