Economics 2013 | Study Mode

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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
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Question 2
A
AFC
B
MC
C
AC
D
AVC
Explanation

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Correct option: A
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Question 3
A
feudal economy
B
capitalist economy
C
socialist economy
D
mixed economy
Explanation

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Correct option: D
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Question 4
A
2082
B
2809
C
2808
D
2209
Explanation

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Correct option: B
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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

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Correct option: B
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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

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Correct option: A
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Question 7
A
10
B
38
C
35
D
22
Explanation

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Correct option: D
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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

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Correct option: B
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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

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Correct option: A
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Question 10
A
66.7
B
0.5
C
1.5
D
2
Explanation

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Correct option: D

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