Top 150+ Solved Mathematical Economics MCQ Questions Answer
Q. In Cobb Douglas Production of functions, the elasticity of Substitutions is :
a. greater than one
b. equal to one
c. less than one
d. None of these
Q. Feasible solution of LPP is:
a. Values of decision variables satisfy the constraints
b. Values of decision variables satisfy the objective functions
c. Values of variable satisfy the objective functions
d. the value of the objective function
Q. In linear programming, the dual of maximization is equal to:
a. minimization
b. Shadow Pricing
c. Maximisation
d. None of these
Q. Linear Programming deals with:
a. Constraints
b. Inequalities
c. Objective functions
d. All the above
Q. A production function is said to be _____, if, when each input factor is multiplied by apositive real constant k, the constant can be completely factored out:
a. homogenou
b. nonhomogenous
c. additive
d. heterogonous
Q. ____ functions are a special class of homogeneous function in which the marginal rate ofTechnicalsubstitution is constant along the function.
a. Hypothetic
b. Homothetic
c. Objective
d. Value
Q. In linear programming, the number of technical constraints will be ___the number of thefactors of production:
a. equal to
b. smaller than
c. greater than
d. the same as
Q. In linear programming, _____are expressed as inequalities, rather than equalities.
a. the technical constraints
b. objective functions
c. dual
d. primal
Q. In linear programming, _____ expresses the necessity that the levels of production of thecommodity cannot be negative, that is, it should be either positive or zero.
a. the technical constraints
b. objective functions
c. non negativity constrains
d. primal
Q. In input-output analysis, ___ represents in monetary terms or quantitative terms all thetransactions of the economic system.
a. the transaction matrix
b. objective functions
c. non negativity constrains
d. the
Q. In input-output analysis,____ shows the number of units of any industry’s output needed toproduce one unit of another industry’s output.
a. the transaction matrix
b. The technical coefficients
c. non negativity constrains
d. the
Q. In input-output analysis,____ is obtained by dividing the input of the desired sector by thetotal output of the same sector.
a. the transaction matrix
b. a technology coefficient
c. non negativity constrains
d. the
Q. In input-output analysis,when the technical coefficients are put in the form of a matrix, weget the______
a. the transaction matrix
b. a technology coefficient
c. non negativity constrains
d. the
Q. In input-output analysis,if the exogenous sectors of the open input output model is absorbedin to the system as just another sector _____
a. the transaction matrix
b. a technology coefficient
c. Leontief closed model
d. the
Q. In an input-output matrix, the element ____shows the input industry II takes from industry I.
a. a12
b. a21
c. a11
d. a22