Mıcroeconomıc Theory (ENG)
Deneme Sınavı Soruları
- 20 soru
- Cevap anahtarı açık: çöz, sonucunu gör
- 1
Which of the following theories assume(s) that the profit maximization assumption is unrealistic?
- 2
What is the profit maximization condition for all markets?
- 3
When should the size of a company growth be stopped?
- 4
What does show the geometric description of the set of utility-maximizing commodity bundles traced out as the monetary income of the consumer changes, ceteris paribus?
- 5
What is the change in the quantity demanded of a good in response to a change in purchasing power, keeping relative prices constant?
- 6
In a two-variable function, if second order derivatives exist and are themselves continuous, cross partial derivatives are equal.
This is known as ............ - 7
What method uses the information that the maximum or minimum point is a situation in which the function has no change with respect to the independent variable at that point to solve constrained optimization?
- 8
What is a business organization under a single management that makes, buys and sells goods and services in exchange for money?
- 9
Which theory assumes that the satisfaction level a consumer receives from
consuming goods and services is measurable just like prices and quantities? - 10
At every point on the demand curve, which of the following condition holds?
- 11
What is a type of good whose demand curve slopes upward and the positive income effect outweighs the negative substitution effect in response to a price change?
- 12
The easiest way to solve the constrained optimization problems is to use the ............ method
- 13
Which of the following is not true about the properties of the indifferences curves?
- 14
I) For giffen good, demand curve is downward sloped
II) For normal good, demand curve is upward sloped
III) For inferior good, demand curve is downward sloped
Which of the following is true for normal, inferior and giffen goods?
- 15
Which of the following refers to the maximum amount of a good that a consumer
is willing to give up in order to obtain one more unit of another good while the satisfaction level of the consumer is constant? - 16
Which of the following is true if the consumer's total expenditure is maximum when the elasticity of demand is equal to one?
- 17
I. It criticizes the profit maximization assumption as unrealistic and proposes an alternative theory based on empirical observations of actual decision-making processes in business firms.
II. It suggests the firms would certainly prefer to earn more profit, but they cannot maximize profits.
III. Managers have all the information and the computational capability necessary to maximize profits.
What can be said to be true about the behavioral theory of the firm?
- 18
A ..... is a simplification of reality or system showing cause and effect relation between variables under certain assumptions.
- 19
If the good Y is an ........... good for the consumer, quantity demanded of the good would decrease as the income of the consumer increases. In this case the Engel curve would be ........... sloped.
- 20
What is the Production function?