Extraction of Caffeine from Tea Leaves
QUIZ 02
ECO402
Quiz # 2
ECO402 (Microeconomics)
Semester Spring 2008
Total Marks 15
Instructions:
1.
2.
3.
4.
5.
This quiz covers Lesson 14-17.
Last date for submission of quiz is 12/05/08.
Upload your quiz with in due date and time.
No quiz will be accepted after due date and time.
In MCQs, write only one option in the answer sheet which you think is correct. More than one answer will be marked zero.
6. No quiz will be accepted through e-mail.
7. Please submit your solution files (a word document) as illustrated on the next page.
8. Ensure that your solution file has “doc” extension and not “docx” extension; otherwise it would not be acceptable.
Virtual University of Pakistan
QUIZ 02
ECO402
Answer Sheet
Copy this table in a word document and solve your quiz by providing answers in the given column.
In the “selected option” column, write the option number (A, B,
C, D) which you think is the correct option for MCQs.
Upload only the answer sheet on LMS. Don’t upload the whole quiz. Q no.
Selected option
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Virtual University of Pakistan
QUIZ 02
ECO402
Quiz
1) The weighted average of all possible outcomes of a project, with the probabilities of the outcomes used as weights, is known as the:
A.
B.
C.
D.
Variance.
Standard deviation.
Expected value
Coefficient of variation.
2) Assume that two investment opportunities have identical expected values of $100,000. Investment A has a variance of 25,000, while investment B's variance is 10,000. We would expect most investors (who dislike risk) to prefer investment opportunity:
A.
B.
C.
D.
A because it has less risk.
A because it provides higher potential earnings.
B because it has less risk.
B because of its higher potential earnings.
3) Assume that one of two possible outcomes will follow a decision. One outcome yields a $75 payoff and has a probability of 0.3; the other outcome
ECO402
Quiz # 2
ECO402 (Microeconomics)
Semester Spring 2008
Total Marks 15
Instructions:
1.
2.
3.
4.
5.
This quiz covers Lesson 14-17.
Last date for submission of quiz is 12/05/08.
Upload your quiz with in due date and time.
No quiz will be accepted after due date and time.
In MCQs, write only one option in the answer sheet which you think is correct. More than one answer will be marked zero.
6. No quiz will be accepted through e-mail.
7. Please submit your solution files (a word document) as illustrated on the next page.
8. Ensure that your solution file has “doc” extension and not “docx” extension; otherwise it would not be acceptable.
Virtual University of Pakistan
QUIZ 02
ECO402
Answer Sheet
Copy this table in a word document and solve your quiz by providing answers in the given column.
In the “selected option” column, write the option number (A, B,
C, D) which you think is the correct option for MCQs.
Upload only the answer sheet on LMS. Don’t upload the whole quiz. Q no.
Selected option
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Virtual University of Pakistan
QUIZ 02
ECO402
Quiz
1) The weighted average of all possible outcomes of a project, with the probabilities of the outcomes used as weights, is known as the:
A.
B.
C.
D.
Variance.
Standard deviation.
Expected value
Coefficient of variation.
2) Assume that two investment opportunities have identical expected values of $100,000. Investment A has a variance of 25,000, while investment B's variance is 10,000. We would expect most investors (who dislike risk) to prefer investment opportunity:
A.
B.
C.
D.
A because it has less risk.
A because it provides higher potential earnings.
B because it has less risk.
B because of its higher potential earnings.
3) Assume that one of two possible outcomes will follow a decision. One outcome yields a $75 payoff and has a probability of 0.3; the other outcome