MCQ
Function with a single independent variable are called _____
- AMultivariate function
- BConsumption function
- ✓Simple univariate function
- DNone
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| a) | AFC | 1) | AFC + AVC |
| b) | AVC | 2) | TFC + TVC |
| c) | ATC | 3) | TFC / Q |
| d) | TC | 4) | TVC / Q |
| a) | The transaction motive | Mt=f(y) | |
| b) | The precautionary motive | Mp=f(y) | |
| c) | The speculative motive | Ms=f(i) | |
| d) | Total demand for money | Mt+Mp | |
| (a) | International economics | i | Public investment |
| (b) | Health economics | ii | Drug price control |
| (c) | Developmental economics | iii | Ecology and environment |
| (d) | Environment economics | iv | Human development index |
| (a) | Goods | (1) | Man-made |
| (b) | Services | (2) | Nature |
| (c) | Free good | (3) | Tangible |
| (d) | Consumer good | (4) | Intangible |