Filters
Question type
Study Flashcards

A theory is:


A) an assumption
B) a validated hypothesis
C) an 'if then' proposition
D) a hypothesis

Correct Answer

verifed

verified

_________ is distinctive for much greater use of mathematics than the other social sciences, a development made possible by the development of a concept of utility


A) sociology
B) political science
C) economics
D) anthropology

Correct Answer

verifed

verified

Prof. Robbin's definition of Economics is:


A) scarcity definition
B) growth definition
C) welath definition
D) welfare definition

Correct Answer

verifed

verified

The subject matter of economics is the study of:


A) wealth
B) welfare
C) scarcity
D) scarcity and choice

Correct Answer

verifed

verified

Average revenue is :


A) tr - tc
B) tr / no. of units sold
C) tc / tr
D) mc / ar

Correct Answer

verifed

verified

Showing 21 - 25 of 25

Related Exams

Exam 1

Economics: Definitions, Methods, and Concepts

24 Questions

Exam 3

Economic Concepts and Principles in Business Operations

12 Questions

Exam 4

Production, Costs, and Demand Analysis

18 Questions

Exam 5

Demand Analysis and Utility Theory in Economics

25 Questions

Exam 6

Economics: Demand, Supply, and Market Equilibrium

17 Questions

Exam 7

Supply and Demand Elasticity

8 Questions

Show Answer