Deneme Sınavı Soruları

Which of the following statement is false about the relationship between utility and wealth?

Which of the following is the name given to the products being the same in terms of size, shape, quality, smell, packaging, etc.?

Choose the option that completes the following statement correctly.

"A commonly used method of analysis in economics is ........... It is based on 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 that shock."

Choose the option that completes the following sentence correctly.

".......... efficiency in production refers to allocations of resources at which it is impossible to increase the output of one good without reducing the output of the other."

What will be the shape of the risk averter person’s expected utility function?

Which of the following is the sum of all possible outcomes weighted, where each possible value is weighted by its respective probability?

“It is the good that is chosen as the unit of measurement. All nominal values in a general equilibrium model can be expressed in terms of that good by dividing each of the other prices by its price”.

Which term is explained by the above sentences?

Choose the option that completes the following sentence correctly.

"There are infinitely many tangency points between –invisible– isoquants that lie in the interval between A and B. The allocations that correspond to points of tangency between isoquants within this interval are called .......... allocations."

Which of the following is the expected value of utility over all possible outcomes?

PPT shows how big a drop in the production of Y is required to increase production of X by one unit.

What does PPT refer to?

What does the figure above indicate for a competitive firm?

Which of the following best describes the utility function of risk seeker?

Which of the following will be true if there is decrease in the cost of capital?

Which curve represents all combinations of commodity bundles that provide
the same level of satisfaction to a consumer?

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

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 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”

If the marginal rate of substitution between two goods is infinite, they are called perfect complements. Indifference curves are ....-shaped.

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

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