# Mathematical Economics and Econometrics Solved MCQs

1.

A. mathematical
B. econometrics
D. statistics
2.

A. behavioral
B. definitional
C. conditional
D. none
3.

A. supply
B. demand
C. elasticity
D. none
4.

A. negative
B. positive
C. no relation
D. none
5.

A. demand
B. equilibrium
C. supply
D. none
6.

A. consumption
B. saving
C. utility
D. interest
7.

A. .4
B. .6
C. .8
D. .7
8.

A. consumption
B. saving
C. investment
D. none
9.

A. production
B. consumption
C. distribution
D. investment
10.

A. cost
B. income
C. profit
D. revenue
11.

A. 2
B. 0
C. 1
D. 3
12.

A. saving
B. consumption
C. investment
D. none
13.

## The first derivative of the consumption function is:

A. marginal revenue
B. marginal cost
C. marginal propensity to consume
D. none
Answer» C. marginal propensity to consume
14.

A. 44x
B. 40x
C. 22x
D. 54x
15.

A. mc
B. ac
C. tc
D. none
16.

## The proportionate change in quantity demanded and the proportionate change in price is:

A. price elasticity
B. income elasticity
C. cross elasticity
D. none
17.

A. mux/muy
B. mpx/mpy
C. mrts
D. none
18.

A. mux/muy
B. mpl/mpk
C. mrsxy/mrs
D. mrx/mry
19.

## The ratio of the proportionate change in the quantity purchased of a good to the proportionate change in income:

A. price elasticity
B. income elasticity
C. cross elasticity
D. none
20.

A. negative good
B. positive good
C. superior good
D. normal good
21.

## The relationship between quantity demanded of a good and level of consumer’s income:

A. engel function
B. consumption function
C. saving function
D. none
22.

## The proportionate change in quantity demanded by a good due to proportionate change in the price of the other good:

A. price elasticity
B. income elasticity
C. cross elasticity
D. demand elasticity
23.

A. 5+12
B. 10x+12
C. 12x 10
D. 10x +12x
24.

A. mu
B. tu
C. au
D. none
25.

## The transformation of physical inputs in to outputs:

A. production function
B. consumption function
C. saving function
D. none