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Updated on August 20, 2023

DATA MINING TUTORIAL

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JAVASCRIPT INTERVIEW QUESTIONS

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The study of individual markets of demand and supply in which the ‘players’, or the decision makers, were also individuals (buyers or sellers, even companies) who were seen as trying to maximize their profits (as producers or sellers) and their personal satisfaction or welfare levels (as consumers) is called?
1). Macroe conomics
2). Econometrics
3). Microeconomics
4). Heterodox Economics

For a price taking firm, average revenue is ______ market price.
1). half of
2). equal to
3). double of
4). less than

In which of the following case, law of demand fails?
1). Giffen goods
2). Normal goods
3). Inferior goods
4). Both G iffen and Inferior goods

Movement along the supply curve is known as ______ .
1). Contraction of supply
2). Expansion of supply
3). Increase in supply
4). Expansion and contraction of supply

If price of an article decreases from P1 to Rs 25, quantity demanded increases from 900 units to 1200 units. If point elasticity of demand is 2 find P1?
1). Rs. 20
2). Rs. 30
3). Rs. 35
4). Rs. 15

An increase in the growth rate of the nominal money supply results in
1). Lower rate of inflation
2). Higher rate of inflation
3). Lower interest rates
4). Currency appreciation

Which of the following factors can decrease biological oxygen demand (BOD) of any freshwater ecosystem?
1). Large amount of sewage
2). Lrage biomass accumulation and?decomposition
3). Increased organic matter pollution?
4). Low temperature and low plant?biomass accumulation

If one more baker is hired the output of a bakery will increase from 1250 breads to 1400 breads per day, but then the bakery will have to reduce the price ofthe bread from Rs 15 to Rs 14 per unit to sell the additional output, the marginal revenue product of the last baker is _______.
1). Rs 850
2). Rs 150
3). Rs 1960
4). Rs 1875

If quantity of good X demanded increases from 2300 to 2700 when price of good Y increases from Rs. 45 to Rs. 55, find Arc Cross elasticity of demand?
1). 4
2). 1,25
3). 0,25
4). 0,8

Match the characteristics with their market structure:
(b) Firm has control over quantity of output but it must take into account reactions of competitors
1). (a) Pure Monopoly, (b) Oligopoly
2). (a) Pure Monopoly, (b) Monopolistic Competition
3). (a) Pure Competition, (b) Oligopoly
4). (a) Monopolistic Competition, (b) Pure Competition

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