Question

Question-1: Tick the correct answer ol the following questions. Ele que
1. The word MICRO has been derived from which language word?
(1X20-20 Marks)
(a) Russian
(b) Latin
e Greek
(d) Chinese
2. If the total fixed cost of producing 10 units of output is Rs. 80 and the total variable cost of producing 10 units of output
is Rs. 150, then what will be the value of total cost of produeing these 10 units of output?
(a) Rs. 230
(b) Rs. 70
(c) Rs. 12000
(d) Rs. 150
3. In a perfectly competitive market, the equilibrium price will be determined by:
TC-TUCHTFC
(a) The industry
(b) The firm (c) The Government (d) The Seller
4. The problem of What to Produce' is related with:
(a) The choice of technique
(b) Nature of goods and services produced
(c) Distribution of Goods
(d) Distribution of Income
5. As a result of 20 percent increase in the price of a commodity, its quantity demanded decreases by 40 percent, what will
be the value of price elasticity of demand of that commodity?
(a) 1/2 (b) 200
(C) 2.
(d) 0.2
6. If total utility derived from the consumption of 5 units of a commodity is 28 UTILS and of the consumption of 6 units of
that commodity is 32 UTILS, then what will be the value of marginal utility of the 6th unit of consumption?
(b) 60
(C) -4
(d) 11
7. If as a result of increase in the price of a commodity, the demand of the related good increases than before, then what will
be the relationship between these goods?
(a) Complementary goods Substitute goods (c) Inferior goods (d) Luxury goods
8. When toial production is at its maximum point, then the marginal production will be:
(a) Maximum
(b) Minimum
(c) Zero
(d) Negative
". Siape of supply curve in case of normal goods is always:
A Positive
(b) Negative
(c) Horizontal
(d) Vertical
10. Which of the following is a stage of statistical analysis?
(a) Collection of Data (b) Classification of Data (c) Presentation of Data (d) All of the above
11. What will be the value of Mode of the following series? 4,4,5,4,6,4,5,7,4,4,4,8,4,4,4
(a) 4
(b) 5
(c) 7
(d) 8
12. What will be the value of median of the following series: 5,1,4,6,8?
(a) 4
(b) 5
(c) 6
(d) 8
What will be the value of arithmetic mean of the following series: 3,5,8,11,13?​

Answer 1

Answer:

1)d)Chinese is the correct answer