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Q1
Question 1: We can estimate cost functions of the firm by using which of the following method?
Regression analysis
Cost analysis
Demand analysis
Supply analysis
Q2
Question 2: Y = a + bX + e In this regression equation, X is:
Dependent variable
Independent variable
Slack variable
Random variable
Q3
Question 3: Which of the following is a behavioral equation?
GNP = C + I + G
St = b0 + bt Rt + u1
Profit = TR x TC
None of the given options
Q4
Question 4: In which of the following situations, one company controls various links in the production chain from basic inputs to final output?
Vertical integration
Price discrimination
Dumping
Prisoners dilemma
Q5
Question 5: Firms are price makers in which of the following market structures?
Perfect competition
Monopoly
Monopolistic competition
Oligopoly
Q6
Question 6: The practice of charging different prices for different quantities of a good is known as:
Price discrimination
Monopoly power
Monoposony power
Cartel
Q7
Question 7: Ceteris paribus means:
Equal access to public transportation
Holding all other things constant
Holding all other things variable
Equal information of all public
Q8
Question 8: The solution which satisfies all the constraints is known as the:
Corner solution
Feasible solution
Non feasible solution
Wrong solution
Q9
Question 9: St = S0 + bt is an example of:
Linear trend analysis
Growth trend analysis
Non linear trend analysis
Qualitative analysis
Q10
Question 10: If cross price elasticity of demand between two goods is zero, it means that:
Goods are Independent
Goods are complements
Goods are substitutes
Goods are inferior