Deneme Sınavı Soruları

Which basic axiom of about the consumer preferences  states that if two consumption
bundles are identical then the consumer is indifferent between the two bundles?

If the marginal rate of substitution between two goods is infinite, what do we call them?

What can be said to be true about efficiency?

If the price-consumption curve is downward sloped, then which is the following best describes the relationship between two commodities?

 ................ is the extra satisfaction an individual receives from consuming one more unit of the good 

What is an indifference map?  

What is the level of satisfaction an individual receives from consuming goods and services called?

• A consumer only consumes two goods, potatoes and meatballs, to prepare meal.
• Meatballs are significantly more expensive compared to potatoes.
• When income is constant and the price of the potatoes increases it is observed that people consume more potatoes.

Taking into account the constraints above, which of the following terms describes the potatoes the best?

I) A consumption bundle represents a basket of various combinations of goods and services that the consumer wants to consume

II) Indifference Curve is a curve representing all combinations of commodity bundles that provide the same level of satisfaction to a consumer

III) Every commodity is a good that brings utility to the consumer.

Which of the following is true according to consumer preferences_

Which of the following are true for marginal rate of technical substitution (MRTS)?

1. MRTS is defined as the rate at which one input is substituted for another while the output is constant
2. MRTS depends positively on the capital labor ratio
3. MRTS is equal to the ratio between changes in the quantities of inputs
4. when the MRTS depends on only the ratio of the inputs (K/L), the production function is called “homothetic”

In ordinary demand function, which of the following variable affect the quantity demanded of a commodity?

Which of the following is the outcome of neutral technological change?

As a consumer which of the following you pursue?

In the simplest model of y=f(x), which is the following best describe the y?

I) Two goods that satisfy similar needs are called substitutes.

II) Two goods that are used together to satisfy the same need are called complements. 

III) Income-Consumption Curve is the curve showing the set of utilitymaximizing commodity bundles traced out as the monetary income of the consumer changes, ceteris paribus.

Which of the following is true for cross price demand fuction?

The consumer, however, is also bound by ............. which is his/her budget.

Fill in the blank with the most suitable term.

What is marginal Utility? 

In examining the marginal relation between variables, we kept the unit of measurement of the variables. Keeping the unit of measurement of the variables usually causes problems especially in interpretation. What can be used to cope with this problem in measuring the relations between variables?

Two functions with identical ordinal properties are called ........ monotonic transformations of each other.

In cross-price demand function, which of the following variable affect the quantity demanded of a commodity?