Economics Practice QuizBy CASE / July 27, 2023 Please enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Details – Step 1 of 21. Which of the following illustrates a decrease in the unemployment using the PPC? *A movement down along the PPCA rightward shift of the PPCA movement from a point on the PPC to a point inside the PPCA movement from a point inside the PPC to a point towards the PPC2. The total utility derived by Rajesh by eating 6 pears is 300 units. Marginal Utility of the 7th pear is 30 utils. The total utility of 7 pears will be __________ utils. *330270300303. Increase in the price of a tea leads to ____________ of coffee. *Expansion in demandIncrease in demandDecrease in demandContraction in demand4. With increase in price of apple by 20%, its demand falls by 22%. This indicates that demand for burgers is : *ElasticInelasticUnitary ElasticPerfectly Elastic5. The 2nd phase (diminishing returns to a factor) is exhibited by the following total product sequence. *50,50,50,5050,100,150,20050, 110, 180, 26050, 90, 120,1406. Which of the following is an example of implicit cost? *wagescost of raw materialinterest on owner’s capitalNone of the above7. A firm’s average fixed cost is Rs. 20 at 5 units of output. What will be the AFC at four units of output? *2025501008. When price falls with rise in output, TR is _______ when MR is zero. *MaximumMinimumZeroNone9. The profits of a firm diminishes when _______ exceeds _______. *MR,MCMC,MRMR,ACAR,AC10. A supply curve passing through origin is ________. *Relatively elasticRelatively inelasticUnitary elasticNone11. Under Monopoly price elasticity of demand is : *less than oneequal to onegreater than oneinfinity12. Lower limit of a class interval is used for calculating the *‘less than’ cumulative frequency‘more than’ cumulative frequencyfrequencynone of the above13. General purpose tables are also known as : *Derivative tablesAnalytical tablesRepository tablesNone14. Which diagram would be suitable for showing the number of students of three different years of four different standards of your school? *Sub-divided bar diagramMultiple bar diagramSimple bar diagramNone15. Class frequencies of a series can be known by *frequency polygonogivehistogramboth (a) and (c)16. The sum of deviation calculated from Mean is *zeromaximumminimumzero17. Median and quartile can be obtained graphically on *frequency polygonogivehistogramboth (a) and (c)18. To compare the uniformity of the score of two batsmen, we use ________. *VarianceStandard DeviationMean DeviationCoefficient of variance19. Correlation coefficient is always *less than 1more than zeromore than 1between -1 and +120. Laspeyre’s index number is based on *current year quantitybase year quantityaverage of (a) and (b)noneTotal$ 0.00NextYour NameYour Email *Do you want to register?YesNoRegistration is required to view the result. Choose No if you have already registered.Username *Password *PasswordConfirm PasswordUser IDSubmit
