Math Econ Post Test1

mainly concerned with collecting, processing, and presenting economic data in the form of charts and tables. It does not go any further. The one who does that is the econometrician

• Economic Statistics

• Mathematical Economics

• Econometrics

• Mathematical Statistics

This is otherwise known as Dependent Variable

• Endogenous Variable

• Exogenous Variable

• Explained Variabled

• Explanatory Variable

It is magnitude that does not change and therefore antithesis of Variables

• Parameter

• Constant

• Variable

• None of the above

It is quantity that influences the output or behavior of a mathematical object but is viewed as being held constant

• Constant

• Parameter

• Variable

• All of the above

Profit = TR – TC is an example of

• Behavioral Equation

• Equilibrium Condition

• Definitional Equation

• All of the above

C = 75 +10Q

• Behavioral Equation

• Equilibrium Condition

• Definitional Equation

• All of the above

Qd = QS

is an example of

• Behavioral Equation

• Equilibrium Condition

• Definitional Equation

• All of the above

1,2,3, is type of integer called

• Positive

• Negative

• Set of all integers

• Even numbers

• Irrational Numbers

• Rational Number

• Real Number

• Fractions

The absolute value of a number is always positive.

• True

• False