Deneme Sınavı Soruları

Choose the option that completes the following sentence correctly.

"If a person is .........., then that means she is indifferent between refusing or accepting the fair gamble and her utility function will have constant slope."

What is "the ratio of the total cost to the output" called?

Which method of anlysis is used for a comparison of the equilibrium values of the endogenous variables in the model before and after an exogenous shock for the purpose of measuring the changes resulting from taht shock?

All inputs i.e. labor, capital, natural resources are ___________ in the long-run. Therefore, firms are able to change their plant size and production capacities in the long-run, resulting in a larger production site, more workers, more machinery etc.

Which of following is not a one of the characteristics of a fair game

Which of the following is the name given to the price level that causes the firms to incur losses as much as the fixed costs in the short run and therefore causes the firm to stop production?

In the figure, which of the following is the level of output that maximizes the firm's profits?

The (simplified) general equilibrium framework is useful for showing the efficiency of general competitive equilibrium or in a broader sense, the overall efficiency of perfect _____________.

Which of the following is a very useful and commonly used method of analysis in economics?

Which of the following is an example of economic costs?

What is a static games of complete information?

Comparative statics is based on comparison of the _____________ values of the endogenous variables in the model before and after an exogenous shock for the purpose of measuring the changes resulting from that shock.

After a firm determines the technologically efficient production process, this is followed by

If the demand for automobiles drops 10% as a response to 50% increases in tire prices, this means that the cross price elasticity is ______ . Also it means that automobiles and tires ______ each other.

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

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

Fill in the blank with the most suitable term.

Which below is one of the three common properties in all models in economics according to Nicholson and Snyder?

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?

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

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?