Introductıon to Economıcs I (ENG)
Deneme Sınavı Soruları
- 20 soru
- Cevap anahtarı açık: çöz, sonucunu gör
- 1
Many industries fall somewhere between the polar cases of perfect competition and monopoly. Economists call this situation ----------------.
Fill in the blank with a suitable answer.
- 2
Which is a true statement on market structures?
- 3
Which of the following conditions, new firms decide to enter the competitive market?
- 4
------------- is an agreement among firms to charge the same price or decide on quantities in cooperation with each other.
Fill in the blank with a convenient answer.
- 5
If a firm sells its output on a market that is characterized by many sellers and buyers, a differentiated product, moderate barriers to entry the market, then the firm is
- 6
Which of the following long-run decision in perfect competition would likely be taken in a case where P=AC=MC and normal economic profit condition exist?
- 7
Consider a competitive market in which thousand firms are producing as efficiently as possible, and the market supply equals the market demand.In this situation at a price of $7 and an output of 22000 units. Now suppose that market demand increases to 28000 units and the equilibrium price rises to $11. In short run a profit in excess of economic profit emerges. What is the amount of this excess profit for a firm?
- 8
Which of the following is true for a monopoly firm?
- 9
Which of the following refers to equilibrium quantity determined by the interaction of supply and demand in labor market?
- 10
Which of the following is true If output increases by 150% when the factors used in a production process are increased by 100%?
- 11
Which of the following is the cost of producing the last unit of output?
- 12
What is the objective of a firm that produces a good?
- 13
i- The monopolist’s marginal revenue is less than its price.
ii-The monopolist’s marginal revenue is greater than its price.
iii-The monopolist’s marginal revenue equals to its price.
iv-The monopolist’s average revenue equals to its price.
v-The monopolist’s average revenue is less than its price.
vi-The monopolist’s average revenue is greater than its price.
What is the relation between monopoly’s price, monopoly’s marginal revenue and monopoly’s average revenue. Choose the true relations from listed statements above.
- 14
Which of the following is not one of the basic assumptions of a hypothetical perfect competition market?
- 15In an economy, assume that the market equilibrium price of milk is 25 TL per liter. What is the most likely outcome if the government sets a price ceiling of 18 TL per liter?
- 16
The "law of demand" implies that
- 17
Which of the following is an issue in macroeconomics?
- 18
i- More goods are preferable to fewer goods
ii- Goods are substitutable
iii- Indifference curves can cross each other
iv- Indifference curves are everywhere dense
v- Indifference curves are always concave
Choose the properties of indifference curves from listed statements above.
- 19
Which of the following occurs when the market falls short of allocating resources efficiently?
- 20
Which of the following is one of the most important determinants of a consumer’s behavior when buying a product?