Multiple Choice Questions (MCQs)
A function that relates inputs with outputs is called:
Periods of economic expansion and contraction in an economy is named as:
Two products are said to be substitutes if cross price elasticity of demand between these two products is:
The total cost (TC) function is given as: TC = 200 + 80Q. What is the variable cost?
Tax rates are determined by the government in:
The quantity of a good or service that producers are willing and able to sell during a certain period of time is known as:
When price of any commodity decreases, consumer’s purchasing power increases. This is known as:
Consider the following equation of time series data: Yt = f (Tt, Ct, St, Rt) ________ shows trend component at time t.
Given the Cobb Douglas production function: Q = A La Kb There will be constant returns to scale if:
To avoid the problem of bandwagon effect, ___________ method of forecasting is used.
Y = a + bX + e In this regression equation, "X" is:
Fluctuations should be random. It is the requirement of which of the following technique(s)?
Which of the following statements is TRUE?
The Isoquants have a shape of curvature for the inputs which are:
Which of the following shows accounting profit of the firm?
Which of the following is based on the data and equation?
Which of the following is (are) the assumption of regression analysis?
Both moving average and exponential techniques require:
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