Deneme Sınavı Soruları

Which of the following is equal to the division of the total product by the quantity of labor employed?

What is the meaning of perfectly inelastic land supply curve?

Which of the following is the equilibrium condition in the loanable funds market?

Which of the following statement is false about a monopoly or a monopolist's actions?

When the interest rate goes up, the price (the cost) of the current consumption will also go up. A higher opportunity cost of current consumption due to the increase in interest rate generates a __________________ that causes a decline in the activity of a consumer to purchase smaller amounts of product in the current period.

Which of the following terms is defined above?

i- Imperfect competition in the market

ii-Perfect competition in the market

iii-Many firms in the market

iv- Few firms in the market

v-Homogeneous products

vi-One firm in the market

vii-Differentiated products

Choose the characteristics of monopolistic competition market structure from listed statements above.

Which of the following gives the level of output that maximizes profits for a monopolist? (MR= Marginal revenue; MC= Marginal cost; P= Price)

Which of the following information about demand for capital is not correct?

When a company producing tanks increases its production amount from 12 units to 15 units, its marginal cost becomes 3 million dollars. If the firm's total initial cost was $75 million, how many million dollars did the firm spent to produce 15 units of tanks?

i-Monopoly

ii-Oligopoly

iii-Monopolistic competition

iv-Perfect competition

Choose the extreme forms of market structure from the listed markets above.

Which of the following defines the marginal product of labor?

i- Many producers are in the market.

ii- Only one producer is in the market.

iii-Producers are price setters.

iv- Producers are price takers.

v-Producers can choose any quantity on the demand curve.

vi-Producers can’t choose price on the demand curve.

Choose the characteristics of monopolistic market structure from listed statements above.

Suppose a restaurant owner is thinking about buying a new oven. Let's assume that the purchasing price of the oven is $25,000. The owner expects to use the oven for five years and then sell it for $3,000. He has $25.000 on hand now. At this point, he needs to decide whether to buy this oven or to purchase a bond which bears 5% annual interest rate.

Which of the following does he need to calculate to make this decision properly?

i-A decrease in income lowers the intercepts of the budget line

ii-A decrease in income causes a parallel outward shift

iii-A decrease in income will lead to less consumption of both goods

iv-A decrease in income won’t have an effect on the consumption of cheaper good

Choose the true effects of decreasing income on the budget curve and consumption of goods from listed statements above.

_________ is the combinations of quantities of X and Y that a consumer can purchase with certain amount of income or earning. 

Which of the followings best fills in the blank?

What is a legal minimum on the price at which a good or service can be sold?

What is the name of the economist who views economics as a discipline studying human behavior as a relationship between ends and scarce means with alternative uses?

"When the price elasticity of demand is equal to zero, the shape of demand curve is .................. and when the price elasticity of demand is infinite, the shape of demand curve is......................................." Which of the following pairs fill the blanks correctly?

What is "the amount a buyer is willing to pay minus the buyer actually pays" called?

What is the name of the curve which connects of all points representing the equilibrium market baskets corresponding to all possible levels of money income?