Question 1

The given function f (x) = ax2 + bx + c , is an example of ____ function:

Accepted Answer

A) quadratic 
B) polynomial 
C) linear 
D) rational 
A) quadratic 
B) polynomial 
C) linear 
D) rational

Question 2

For a total cost function TC = 1.5Q2 + 4Q + 46, MC is :

Accepted Answer

A) 1.5Q + 4 + 
B) 1.5Q + 4 
C) 1.5Q 
D) 4Q + 46 
A) 1.5Q + 4 + 
B) 1.5Q + 4 
C) 1.5Q 
D) 4Q + 46

Question 3

Homoscedasticity means------ for disturbances

Accepted Answer

A) equal mean 
B) equal variance 
C) zero mean 
D) none of the above 
A) equal mean 
B) equal variance 
C) zero mean 
D) none of the above

Question 4

Given a consumption function C = 250 + 0.75Yd, autonomous consumption is ____

Accepted Answer

A) 0.75 
B) 0 
C) 250 
D) -0.75 
A) 0.75 
B) 0 
C) 250 
D) -0.75

Question 5

For a utility function u = xy + 3x + 4y, marginal utility of good x is:

Accepted Answer

A) xy + 3x + 4y 
B) y + 3 
C) x + 4 
D) y + 3x 
A) xy + 3x + 4y 
B) y + 3 
C) x + 4 
D) y + 3x

The given function f (x) = ax2 + bx + c , is an example of ____ function:

For a total cost function TC = 1.5Q2 + 4Q + 46, MC is :