Introductıon to Economıcs I (ENG)
Deneme Sınavı Soruları
- 20 soru
- Cevap anahtarı açık: çöz, sonucunu gör
- 1
When all the inputs used in production are increased by 75% in the long run, if the total amount of product increases by 50%, which of the following will be the case?
- 2
Which of the following statement is false about a monopoly or a monopolist's actions?
- 3
Which statement on market structure below is true?
- 4
Which of the following conditions, new firms decide to enter the competitive market?
- 5
1. Ali bought a food truck with all equipment required to sell Mexican street tacos in Istanbul.
2. He completed the procedures to have access to a parking space in one of the most famous parks of Istanbul. This will be the location of his food truck.
3. He paid the fee for the parking space.
4. He worked with two Mexican chefs to create the perfect recipe, and hired a saleslady to be employed on the food truck.
Which of the following factors of production is the best one that defines each step above?
- 6
How is the market structure with few firms called?
- 7
What is the best alternative that we give up when we make a choice or a decision called?
- 8
Which of the following is true for a monopoly firm?
- 9
Which of the following costs do not depend on the level of production?
- 10
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?
- 11
What is the term used for the total cost divided by the amount of output produced?
- 12
What is the term used for the additional revenue that a firm earns when it increases production by one more unit?
- 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
What is the study of how individuals and societies choose to use scarce resources at their disposal?
- 15
- If a consumer buys less of a good when his or her income rises, the good is called an …….
- ……….. will have better quality alternatives.
- When income rises, people can afford to forego the cheap ………… and buy the higher quality good instead.
Which of the following can fill the above blanks most appropriately?
- 16
What would be the price elasticity of demand at the midpoint of the demand curve?
- 17
Which of the following expressions below measure the satisfaction of consumers via utility?
- 18
Which of the following is a measure of the response of quantity supplied of a good to a change in price?
- 19
How do you define the ability of a single actor (or a few actors) to control or substantially influence market prices?
- 20
__________ is a graph that shows the combinations of output that a firm or a society can possibly produce using the available production technology and the given amount of inputs.
Which of the following concept does best fill in the blank?