Ultimate Mathematics Quiz

5 Questions

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Ultimate Mathematics Quiz

Mathematics is an incredibly difficult subject to master, but when you come to grips with the numbers and everything starts to add up, you’ll soon realize that it’s a truly fulfilling topic to learn about. In this quiz, we’ll be trying to gauge your level of knowledge on a variety of mathematical subjects and problems and seeing how many you can solve! Good luck, you might need it!


Questions and Answers
  • 1. 
    Maximize the utility function given the budget constraint 
    • A. 
    • B. 
    • C. 
    • D. 
  • 2. 
    Who invented the concept of invisible hand?
    • A. 

      Adam Smith

    • B. 

      Milton Freedman

    • C. 

      Friedrich Hayek

    • D. 

      David Ricardo

  • 3. 
    In the short run, firm will increase production when:
    • A. 

      Marginal cost > marginal revenue

    • B. 

      Marginal cost < marginal revenue

    • C. 

      Marginal cost = marginal revenue

    • D. 

      No answer

  • 4. 
    If income increases, demonstrate which curve in the money market changes:
    • A. 

      Money demand shifts right

    • B. 

      Money supply shifts right

    • C. 

      Money demand shifts left

    • D. 

      Money supply shifts left

  • 5. 
    If your income in year 1 is $10,500 and in year 2 is $13,700, then it has grown by:
    • A. 

      15%

    • B. 

      30%

    • C. 

      25%

    • D. 

      20%