Economics Practice Quiz

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1. Which of the following illustrates a decrease in the unemployment using the PPC?
2. 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.
3. Increase in the price of a tea leads to ____________ of coffee.
4. With increase in price of apple by 20%, its demand falls by 22%. This indicates that demand for burgers is :
5. The 2nd phase (diminishing returns to a factor) is exhibited by the following total product sequence.
6. Which of the following is an example of implicit cost?
7. A firm’s average fixed cost is Rs. 20 at 5 units of output. What will be the AFC at four units of output?
8. When price falls with rise in output, TR is _______ when MR is zero.
9. The profits of a firm diminishes when _______ exceeds _______.
10. A supply curve passing through origin is ________.
11. Under Monopoly price elasticity of demand is :
12. Lower limit of a class interval is used for calculating the
13. General purpose tables are also known as :
14. Which diagram would be suitable for showing the number of students of three different years of four different standards of your school?
15. Class frequencies of a series can be known by
16. The sum of deviation calculated from Mean is
17. Median and quartile can be obtained graphically on
18. To compare the uniformity of the score of two batsmen, we use ________.
19. Correlation coefficient is always
20. Laspeyre’s index number is based on
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