Question 1

If marginal revenue is Rs. 25/- and elasticity of demand w. r. t price is 2, then the average revenue is

Accepted Answer

A)  50 
B)  25 
C)  75 
D)  100 
A)  50 
B)  25 
C)  75 
D)  100 A

Question 2

If fxxfyy < (fxy)2 when fxx and fyy are of the same sign, then the function is at

Accepted Answer

A)  minimum point 
B)  maximum point 
C)  inflexion point 
D)  saddle point 
A)  minimum point 
B)  maximum point 
C)  inflexion point 
D)  saddle point B

Question 3

The nature of tax multiplier is

Accepted Answer

A)  positive 
B)  zero 
C)  negative 
D)  none 
A)  positive 
B)  zero 
C)  negative 
D)  none B

Question 4

For profit maxmisation we must have

Accepted Answer

A)  mr = mc 
B)  mc curve cut mr curve from below 
C)  both a and b 
D)  none of these 
A)  mr = mc 
B)  mc curve cut mr curve from below 
C)  both a and b 
D)  none of these

Question 5

The minimal value of the function y = x4 - 4x3 + 16x is at

Accepted Answer

A)  -1 
B)  2 
C)  -2 
D)  1 
A)  -1 
B)  2 
C)  -2 
D)  1

Question 6

For two goods 1 and 2, if E12 > 0 implies that the two goods are

Accepted Answer

A)  complementary 
B)  substitutes 
C)  supplementary 
D)  giffen goods 
A)  complementary 
B)  substitutes 
C)  supplementary 
D)  giffen goods

Question 7

The inflexion points of the function y = x3 - 3x2 + 5 is at

Accepted Answer

A)  3 
B)  6 
C)  1 
D)  0 
A)  3 
B)  6 
C)  1 
D)  0

Question 8

For a function y = f(x1,x2), the total differential is given by

Accepted Answer

A)  dy = f1dx1 + f2dx2 
B)  dy = f1dx2 + f2dx1 
C)  both a and b 
D)  none of these 
A)  dy = f1dx1 + f2dx2 
B)  dy = f1dx2 + f2dx1 
C)  both a and b 
D)  none of these

Question 9

The ratio of capital to labour is called

Accepted Answer

A)  average product of labour 
B)  average product of capital 
C)  factor intensity 
D)  none of these 
A)  average product of labour 
B)  average product of capital 
C)  factor intensity 
D)  none of these

Question 10

The output of a firm, with given prices of factors of production is decided so that the total cost is

Accepted Answer

A)  maximum 
B)  balanced 
C)  minimum 
D)  positive 
A)  maximum 
B)  balanced 
C)  minimum 
D)  positive

If marginal revenue is Rs. 25/- and elasticity of demand w. r. t price is 2, then the average revenue is

If fxxfyy < (fxy)2 when fxx and fyy are of the same sign, then the function is at

The nature of tax multiplier is

For profit maxmisation we must have

The minimal value of the function y = x4 - 4x3 + 16x is at

For two goods 1 and 2, if E12 > 0 implies that the two goods are

The inflexion points of the function y = x3 - 3x2 + 5 is at

For a function y = f(x1,x2), the total differential is given by

The ratio of capital to labour is called

The output of a firm, with given prices of factors of production is decided so that the total cost is

Economics and Production Functions

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Exam 2: Economics and Calculus

If marginal revenue is Rs. 25/- and elasticity of demand w. r. t price is 2, then the average revenue is

If fxxfyy < (fxy)2 when fxx and fyy are of the same sign, then the function is at

The nature of tax multiplier is

For profit maxmisation we must have

The minimal value of the function y = x4 - 4x3 + 16x is at

For two goods 1 and 2, if E12 > 0 implies that the two goods are

The inflexion points of the function y = x3 - 3x2 + 5 is at

For a function y = f(x1,x2), the total differential is given by

The ratio of capital to labour is called

The output of a firm, with given prices of factors of production is decided so that the total cost is

Economics and Production Functions

Filters