Top 150+ Solved Mathematical Economics MCQ Questions Answer
Q. The rejecting of a true hypothesis is called
a. type i error
b. type ii error
c. standard error
d. point estimation
Q. Which of the following is used to measure the degree of association between twovariables
a. coefficient of determination
b. coefficient of correlation
c. standard error d standar
d. deviation
Q. The accepting of a false hypothesis is called
a. type i error
b. type ii error
c. standard error
d. point estimation
Q. The larger the standard error, the ----- the width of the confidence interval
a. smaller
b. larger
c. infinity
d. cannot calculate
Q. _____ is the best criteria to judge the validity of a model :
a. Assumptions
b. Information it provides
c. Its simplicity
d. predictive power
Q. The given function f (x) = ax + b, is an example of ____ function:
a. quadratic
b. polynomial
c. linear
d. rational
Q. The given function f (x) = ax2+ bx + c , is an example of ____ function:
a. quadratic
b. polynomial
c. linear
d. rational
Q. For a utility function u = xy + 3x + 4y, marginal utility of good x is:
a. xy + 3x + 4y
b. y + 3
c. x + 4
d. y + 3x
Q. Given a consumption function C = 250 + 0.75Yd, autonomous consumption is ____
a. 0.75
b. 0
c. 250
d. -0.75
Q. For a total cost function TC = 1.5Q2+ 4Q + 46, MC is :
a. 1.5Q + 4 +
b. 1.5Q + 4
c. 1.5Q
d. 4Q + 46
Q. ____ is a simplified description of reality, designed to yield hypothesis about economicbehaviour that can be tested.
a. theory
b. postulate
c. proposition
d. economic model
Q. ____ models are mathematical models designed to be used with data.
a. Empirical
b. Visual
c. Mathematical
d. Simulation
Q. ______ function expresses the relationship between price of the good and quantity of thegood demanded.
a. Supply
b. Consumption
c. Demand
d. Income
Q. ______ function expresses the relationship between price of the good and quantity of thegood supplied.
a. Supply
b. Consumption
c. Demand
d. Income