Top 50+ Solved Mathematical Economics and Econometrics MCQ Questions Answer
Q. The proportionate change in quantity demanded and the proportionatechange in price is:
a. price elasticity
b. income elasticity
c. cross elasticity
d. none
Q. Marginal rate of technical substitution is equal to:
a. mux/muy
b. mpl/mpk
c. mrsxy/mrs
d. mrx/mry
Q. The ratio of the proportionate change in the quantity purchased of agood to the proportionate change in income:
a. price elasticity
b. income elasticity
c. cross elasticity
d. none
Q. An increase in income lead to the increase in quantity demanded of thegood:
a. negative good
b. positive good
c. superior good
d. normal good
Q. The relationship between quantity demanded of a good and level ofconsumer’s income:
a. engel function
b. consumption function
c. saving function
d. none
Q. The proportionate change in quantity demanded by a good due toproportionate change in the price of the other good:
a. price elasticity
b. income elasticity
c. cross elasticity
d. demand elasticity
Q. Given the utility function U = 5x²+12x, find Marginal utility:
a. 5+12
b. 10x+12
c. 12x 10
d. 10x +12x
Q. The transformation of physical inputs in to outputs:
a. production function
b. consumption function
c. saving function
d. none
Q. if all factors of production are increased in a given proportion, outputalso increased in a same proportion:
a. second degree
b. first degree
c. third degree
d. none
Q. The amount of a productive factor that is essential to produce a unit ofproduct is called:
a. technical coefficient
b. fixed proportion
c. variable proportion
d. none
Q. Marginal rate of substitution between factors is equal to the ratio of :
a. mpx/mpy
b. mpl/mpk
c. mrsxy/mrs
d. none
Q. Standard error is defined as,
a. standard deviation of the sampling distribution
b. standard deviation of the population
c. variance of the sampling distribution
d. variance of the population