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Question 1
A
14 
B
60 
C
46 
D
32 
Explanation.
P = \(\frac{1}{4}\)(Qs + 10)
14 = \(\frac{\text{Qs + 10}}{4}\)
56 = Qs + 10
56 - 10 = Qs
Qs = 46

Correct Option:
C

Question 2
A
AFC 
B
MC 
C
AC 
D
AVC 
Explanation.

No official Explanation yet!


Correct Option:
A

Question 3
A
feudal economy 
B
capitalist economy 
C
socialist economy 
D
mixed economy 
Explanation.

No official Explanation yet!


Correct Option:
D

Question 4
A
2082 
B
2809 
C
2808 
D
2209 
Explanation.

No official Explanation yet!


Correct Option:
B

Question 5
A
the median and standard deviation 
B
the mean and mode 
C
the mean and standard deviation 
D
the mode and median 
Explanation.

No official Explanation yet!


Correct Option:
B

Question 6
A
can be used to calculate open-ended distribution 
B
make use of all values of observations in a distribution 
C
takes all values into consideration 
D
is useful for further statistical calculation 
Explanation.

No official Explanation yet!


Correct Option:
A

Question 7
A
10 
B
38 
C
35 
D
22 
Explanation.

No official Explanation yet!


Correct Option:
D

Question 8
A
a decrease in equilirium price and increase in equilibrium quantity 
B
an increase in equilibrium price and quantity 
C
a decrease in equilibrium price and quantity 
D
an increase in equilibrium price and a decrease in equilibrium quantity 
Explanation.

No official Explanation yet!


Correct Option:
B

Question 9
A
a decrease in the quantity demanded 
B
an increase in demand 
C
an increase in quantity demanded 
D
a decrease in demand 
Explanation.

No official Explanation yet!


Correct Option:
A

Question 10
A
66.7 
B
0.5 
C
1.5 
D
Explanation.

No official Explanation yet!


Correct Option:
D

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