Deneme Sınavı Soruları

I. Risk-seeking or Risk-taker, preferences described by a utility function with increasing marginal
utility of wealth.

II. Risk averse is a person who only agrees to a gamble when the expected value is zero, therefore agrees to fair gambles.

III. Risk Neutral, preferences are described by a utility function with the constant marginal utility of wealth.

Which of the given statement about attitudes towards risk can be said to be true?

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

There are infinitely many tangency points between –invisible– isoquants that lie in the interval between A and B.

What is the name of allocations that correspond to points of tangency between isoquants within this interval?

Choose the option that completes the following statement correctly.

".......... 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."

Under what conditions of decision making, there will be no risk and uncertainty for participants?

“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?

Which of the following is a set of strategies in which each player does the best he can, given his opponent’s strategies?

How do we name the increase in cost that results from producing one more unit of output?

What is a "Game"?

Choose the option that completes the following sentence correctly.

"A person with convex utility function is called a ..........."

 The state of simultaneous clearance of all goods and factor markets at a certain set of prices is called _____________________.

Which term is explained by the above sentences?

Which of the following does the figure above describe?

Monopoly is a type of market that has the same profit maximization rule as the competitive market, which is _______ . In a monopoly, however, there is only a single seller of a homogenous product with no close ___________ . This means that no other firm can produce an item that fulfills the needs of the consumers as the monopolist's product does.

When should the size of a company growth be stopped?

What would one call the goods when the price of one decreases, the demand of the other increases?

Considering a price elasticity value of 2 for the good X, what happens when the price of X increases?

I. “Ceteris paribus” assumption

II. decision-making agents

III. the need for distinction between positive and normative nature of the questions

Which of the above property or properties are common in economic models?

What is the second derivative of the function Y=8K³?

A firm lowered its prices 10% and observed 10% increase in her sales. What is the price elasticity of demand for the product of this firm?

Which utility theory assumes that the satisfaction level a consumer receives from consuming goods and services is measurable just like prices and quantities?