Access over 20 million homework & study documents

search

400259900179 174765

Content type
User Generated
Rating
Showing Page:
1/1

Sign up to view the full document!

lock_open Sign Up
Unformatted Attachment Preview
QI Cheese the correct answer A/B/C/D by filling the relevant bubble for each question on the OMK Answer Sheet according to the instructions given there. Each part earries one mark 1) Which of the following statement is related to positive science A. Rich people should he taxed In order to reduce poverty, Rovt should mise income level of the poor Agricultural sector is the largest sector of Pakistan's economy D. Nestle ought to reduce the price of Millal to attract customers 2) Lack of resources in relation to demand is called A Supply Demand CScarcity D. Desire 3) The utility which is derived from consumption of an additional unit of a good is called A Total utility B. Marginal utility C. Average utility D. Nepative utility 4) Toual utility reaches its maximum when A Marginal utility equals total utility B. Marginal utility is positive C Marginal utility is zero D. Marginal utility is negative 3) The willingness and ability of a buyer to purchase a good is called A Supply B. Demand C. Scarcity D. Desire 4) Given the equation -- 10 - 2. the slope of the equation is A-10 0.2 C-8 D).-12 7) Which of the following is a demand equation AC--10-2P 8.0=10+2P CO-P-10 D.Q+2/- 10 8) In a function, a variable whose value is determined by the values of another variable is called A. Continuous variable B. Discontinuous variable C. Dependent variable D Independent variable 9) Which of the following would not shift the demand curve of a good? A. Chan ini. ...
Purchase document to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Anonymous
Just what I was looking for! Super helpful.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4