11th Standard EM - Economics - Mathematical Methods for Economics

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Question - 1

Mathematical Economics is the integration of

  • A Mathematics and Economics
  • B Economics and Statistics
  • C Economics and Equations
  • D Graphs and Economics

Question - 2

The construction of demand line or supply line is the result of using

  • A Matrices
  • B Calculus
  • C Algebra
  • D Analytical Geometry

Question - 3

The first person used the mathematics in Economic is

  • A Sir William Petty
  • B Giovanni Ceva
  • C Adam Smith
  • D Irving Fisher

Question - 4

Function with single independent variable is known as

  • A Multivariate Function
  • B Bivariate Function
  • C Univariate Function
  • D Polynomial Function

Question - 5

A statement of equality between two quantities is called

  • A Inequality
  • B Equality
  • C Equations
  • D Functions

Question - 6

An incremental change in dependent variable with respect to change in independent variable is known as

  • A slope
  • B Intercept
  • C Variant
  • D Constant

Question - 7

(y-y1)=M(x-x1) gives the

  • A Slope
  • B Straight line
  • C Constant
  • D Curve

Question - 8

Suppose D=50 - 5P when D is zero then

  • A P is 10
  • B P is 20
  • C P is 5
  • D P is -10

Question - 9

Suppose D = 150 - 50P. Then, the slope is

  • A -5
  • B 50
  • C 5
  • D -50

Question - 10

Suppose determinant of a matrix Δ = 0, then the solution

  • A Exists
  • B Does not exists
  • C is infinity
  • D is zero