Deneme Sınavı Soruları

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

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."

I. If someone has car insurance then she might drive recklessly, this can be termed as moral hazard.

II. Moral hazard occurs when insurance gives incentives to people to engage in fraudulent behavior.

III. When people who know their car, house, etc. are covered by insurance then they take more precautions this is called moral hazard.

What can be said to be true about moral hazard?

What is the name that the loss of a part of consumer and producer surpluses because the output level is less than the competitive output level and the price is higher than the competitive price in an imperfect competitive market?

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

I. Adverse selection arises when an informed individual’s decisions in the market affect adversely
uninformed market participation.

II.  Asymmetric information causes the adverse selection problem, a phenomenon in which there is a hidden characteristic problem.

III. Insurance companies offer the same premiums for their customers for insurance so adverse selection does not arise in the insurance markets.

What can be said to be true about adverse selection?

Which is equal to marginal revenue product of labor (MRP_L) ?

Which of the following statements is true about point E in the figure above?

If a firm increase the number of workers to produce more quantities of product that it produces, then which of the following will be true?

What is a static games of complete information?

In a gamble using a head-tail coin, if the coin comes up heads, you will win 300₺; if tails come you will lose 60₺. What is the expected value?

Which of the following is a formal description of a strategic situation?

How do we name the costs that are related with variable inputs and change with output level?

If we just consider gender’s effect on wage and ignore the other factors affecting wage, our predictions about wage will be

What is the profit maximization condition for all markets?

What is a business organization under a single management that makes, buys and sells goods and services in exchange for money?

Which of the following is not one of the rules of taking derivatives?

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

I)   For normal goods quantity demanded increases (decreases) as income increases (decreases).
II)  For inferior goods quantity demanded decreases (increases) as income increases (decreases).
III) Beveridge Curve relates the quantity of good demanded to income.

Which of the statements given above is not true about demand curve?

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