Deneme Sınavı Soruları

.......................... is 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.

The Engel curve shows the relationship between which of the following pairs of variables?

What is the marginal rate of technical substitution (MRTS)?

The cost function of a firm is given by 

Which of the below is its total differential?

In a model of y=a+bx+cw+dz, which of the folowing is a constant parameter?

If two functions differ by a positive multiplicative constant, an exponential constant or an additive positive or negative constant, they are ____________ of each other.

Which of the following fills the blank in the sentence above?

________ is a curve representing all combinations of commodity bundles that provide the same level of satisfaction to a consumer.

Which of the following fills the blank in the sentence above?

In which type of firms is the liability of the owners are limited to capital invested?

......... is the level of satisfaction an individual receives from consuming goods and services.

What is the unit of measurement of utility when utility is assumed to be cardinal?

I. It is the dominant theory in economics. 

II. It considers the firm as a “black box” and ignores how the decisions are made within the firm.

III. The firm has many objectives, including profit maximization.

What can be said to be true about the neo-classical theory of the firm?

Given that MUY = 60, Px = 5 and PY = 20 respectively, what would be the marginal utility of good X for the consumer if the consumer is in equilibrium?

If there is no constraint in the process of optimization of an objective function, this is called ................   optimization

What is the result of a change in the price of a good considering a typical demand curve?

I) Indifference curves are concave to the origin. 

II) Indifference curves never intersect each other

III) Indifference curves have a positive slope

Which of the following is true about indeference curves?

I) Total differential method

II)  The substitution method

III) Lagrange multiplier method

Which of the following indicates the different ways to solve a constrained optimization problem?

What is the set of utility-maximizing commodity bundles traced out as the price of one commodity changes, ceteris paribus?

I) “Ceteris Paribus” means holding other things constant. 

II) A theory is a simplification of reality or system showing cause and effect relation between variables under certain assumptions.

III) Elasticity is the responsiveness of the dependent variable to the change in the independent variable.

Which of the following indicates true definition(s)?

Which of the following is not considered as an economic decision-making

agents?

Which of the following describes the effect when the price of a good increases and consumers demand less of this commodity since the commodity has become more expensive relative to other goods consumed?