MCQ Bank
Which of the following is the incorrect option for static sense of equilibrium in market price, {P^*} = \,\frac{{\alpha + \gamma }}{{\beta + \delta }} ?
- A) The value of price cannot be predicted
- B) The value of price will be inversely related to \alpha + \gamma
- C) The value of the price will be positively related to \alpha + \gamma
- D) The value of price will be constant
Which of the following is the incorrect option for the equation,\frac{{dY}}{{dt}} + \frac{{1 - \beta + \tau \beta - \delta }}{\gamma }Y = \frac{\alpha }{\gamma }?
- A) It is first order third degree differential equation
- B) It is first order second degree differential equation
- C) The equation represent a modified form of elasticity of investment
- D) All of the given options
Which of the following is the incorrect option for the equation, \frac{{dQ}}{{dP}} +2P = -8?
- A) The value of price will be constant
- B) The definite solution can be calculated using integration
- C) The standard first order differential equation cannot be used
- D) None of the given options
Which of the following is the incorrect option for the money market equation, \alpha Y\, + \,\beta \frac{{dy}}{{dt}} = \,{M_s} ?
- A) The value of money supply (Ms) will be constant
- B) The standard first order differential equation can be used
- C) All of the given options
- D) The value of income (Y) will be inversely related money supply (Ms)
Which of the following is the correct option for the, 2yt.dy + {y^3}.dt = \,0 ?
- A) It is a case of inexact differential equation
- B) It is a case of non homogeneous first order differential equation
- C) It is a case of homogeneous first order differential equation
- D) None of the options
Which of the following is the correct option for the time-path of fish stock function F(t) = -70e-0.12t +90 when time t=0?
- A) The quantity of fish stock function F(t) will be 70
- B) The quantity of fish stock function F(t) will be 20
- C) The quantity of fish stock function F(t) will be 90
- D) The quantity of fish stock function F(t) will be 160
Which of the following is the correct option for the dynamic stability of the time-path of fish stock function F(t) = -70e-0.12t +90 ?
- A) The complementary function will converge to zero
- B) The complimentary function will converge to 90
- C) The particular function will converge to complementary solution
- D) The complementary function will converge to zero
Which of the following is the correct option for the equation \frac{{dy}}{{dt}} + \,( - 1)y = \,6file:///C:/Users/MUHAMM~1.SHA/AppData/Local/Temp/ksohtml5460/wps12.jpgusing phase diagram?
- A) The inter temporal equilibrium will be convergent
- B) It can be solved with the Bernoulli equation method
- C) The inter temporal equilibrium will be unaffected
- D) The inter temporal equilibrium will be divergent
Which of the following is the correct option for the dynamic stability of the time-path of i(t) = [i(0) - (\frac{{\alpha + \gamma }}{{\beta + \delta }})]{e^{\frac{{\beta + \delta }}{{\rho - \sigma }}t}}{\mkern 1mu} + \frac{{\alpha + \gamma }}{{\beta + \delta }}
- A) None of the given options
- B) The complimentary function will not converge to particular solution
- C) The particular function will converge to complementary solution
- D) The complementary function will converge to particular solution
Which of the following is the correct option for the marginal product of labor and capital, MPk= 5L and MPL= 1.2 LK ; assuming it is on an Iso-quant (dQ=0) ?
- A) It is the general solution of the second order homogeneous differential equation
- B) If it is exact differential equation, it will be solved in four steps
- C) It is the definite solution of the first order homogeneous differential equation
- D) If it is inexact differential equation, it will be solved in four steps
Which of the following is the incorrect option for the equation, \,\frac{{dy}}{{dt}} + \,\frac{\alpha }{\beta }Y = \,\frac{{{M_s}}}{\beta } ?
- A) It is first order second degree differential equation
- B) The equation cannot be resolved using differential equation method
- C) It is first order first degree differential equation
- D) It is a modified form of elasticity of money demand and money supply
Which of the following is the correct option for equation \frac{{dy}}{{dt}} + \,2ty = 4t ?
- A) It is the general solution of the first order non homogeneous differential equation
- B) It is the definite solution of the first order homogeneous differential equation
- C) It is the first order non homogeneous differential equation with variable coefficient term
- D) All of the given options
Which of the following is the correct option for the \frac{{dy}}{{dt}} + \,Ry = \,T{y^m} assuming m<1?
- A) All of the given options
- B) It is a non linear differential equation where Ym causes non linearity
- C) It is a linear differential equation of first order
- D) It is a non linear differential equation where Ry causes non linearity
Which of the following is the incorrect option for equation if value of file:///C:/Users/MUHAMM~1.SHA/AppData/Local/Temp/ksohtml1148/wps5.jpg is negative Y(t) = [Y(0) - (\frac{\alpha }{{1 - \beta + \tau \beta - \delta }})]{e^{\frac{{1 - \beta + \tau \beta - \delta }}{\gamma }t}}\, + \frac{\alpha }{{1 - \beta + \tau \beta - \delta }} ?
- A) All of the given options
- B) There will be convergence towards complementary solution
- C) There will be no convergence towards particular solution
- D) There will be divergence from the particular solution
Which of the following is the incorrect option for the equation, \(\frac{{dy}}{{dt}} + \,u(t).y = 0\) ?
- A) The equation will have no definite solution
- B) It is first order first degree non homogeneous differential equation
- C) It is first order differential equation with general solution
- D) All of the given options
Which of the following is the correct option for the capital function, K(t)= 100(2t+4)2 ?
- A) It represents the time path of the capital stock over time
- B) It is definite solution of linear first order differential equation
- C) It is definite solution of non linear differential equation
- D) It represents the time path of the GDP over time
Which of the following is the incorrect option for the money market equation, \(\alpha Y\, + \,\beta \frac{{dy}}{{dt}} = \,{M_s}\) ?
- A) All of the given options
- B) The value of income (Y) will be inversely related money supply (Ms)
- C) The value of money supply (Ms) will be constant
- D) The standard first order differential equation can be used
Which of the following is the correct option for the equation,V(t) = 1000e-0.04t +V(0) ?
- A) It is first order first degree differential equation with definite solution
- B) The equation represent a modified form of elasticity of oil extraction
- C) It is first order differential equation with general solution
- D) It is homogeneous first order differential equation
Which of the following is the correct option for the marginal product of labor and capital, MPk= 3LK and MPL= 5LK ; assuming it is on an Iso-quant (dQ=0) ?
- A) The values cannot be used to apply the exactness test
- B) There will be three steps involved if it is exact differential equation
- C) It is a non linear first order homogeneous differential equation
- D) It is first order non homogeneous differential equation
Which of the following is the correct option for equation \(Y(t) = [Y(0) - (\frac{\alpha }{{1 - \beta - \delta }})]{e^{\frac{{1 - \beta - \delta }}{\gamma }t}}{\mkern 1mu} + \frac{\alpha }{{1 - \beta - \delta }}\) ?
- A) Time path is not involved in the equation
- B) The value of \(\frac{\alpha }{{1 - \beta - \delta }}\) is the particular solution of the equation
- C) The value of \(\frac{\alpha }{{1 - \beta - \delta }}\) = 0 will ensure convergence towards equilibrium value
- D) The value of \(\frac{\alpha }{{1 - \beta - \delta }}\) >0 will ensure convergence towards equilibrium value