Deneme Sınavı Soruları

1. Utility function
2. Budget constraint
3. Type of goods

Which of the above items is/are required to set up a Lagrangian function for a consumer's constrained maximization problem?

Which of the following statements is true regarding the income-consumption curve?

To derive the income-consumption curve, which of the following determinants of demand is allowed to change?

Which of the following is NOT true of returns to scale?

I. “Ceteris paribus” assumption

II. decision-making agents

III. the need for distinction between positive and normative nature of the questions

Which of the above property or properties are common in economic models?

Which below represents a basket of various combinations of goods and services that the consumer wants to consume?

What would one say about the elasticity of demand if the percentage change in the quantity is equal to the percentage change in price, making the absolute value of the price elasticity equal to one?

Which of the following defines the relationship between actual output and potential output?

Which of the following sets of goods are complements?

What does relate the quantity of good demanded to income?

What  is a type of good whose demand curve slopes downward and the substitution effect is greater than the income effect in response to a price change?

I. Modern capitalism is characterized by large companies where a large number of small shareholders own the company, and the company is run by professional managers. 

II. The owner cannot replace a manager if they fail to maximize profit, but because of information asymmetries, the managers can pursue other objectives for their own interests. 

III. The managerial theory of the firm says that managers are interested in their own utility, not the profit of the firm. 

What can be said to be true about the managerial theory of the firm?

If we just consider gender’s effect on wage and ignore the other factors affecting wage, our predictions about wage will be

Considering a price elasticity value of 2 for the good X, what happens when the price of X increases?

Which of the following are true of the elasticity of substitution?

1. The elasticity of substitution measures the curvature of the isoquant.
2. The elasticity of substitution is equal to the percentage change in the ratio between two inputs.
3. The elasticity of substitution shows the proportional change in the KL ratio in response to one percentage point change in MRTS.
4. The elasticity of substitution measures percentage change in the ratio of capital to labor in response to a change in relative prices (the price ratio of capital to labor).

A firm lowered its prices 10% and observed 10% increase in her sales. What is the price elasticity of demand for the product of this firm?

Which of the following is true according to the table above?

Which utility theory assumes that the satisfaction level a consumer receives from consuming goods and services is measurable just like prices and quantities?

When we derive demand curve, we assume that all the other prices and monetary (nominal) income of the consumer are constant. Unlike this assumption which of the following is not correct when there is a fall in the own price of commodity?

As we move from left to right on the demand curve, which of the following will not take place?