Ünite Sınavı Soruları

The easiest way to solve the constrained optimization problems is to use the ............ method

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?

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

The inverse demand function for a firm’s product is p(q)=700000e^-0.002q where q is the daily demand and p is the price. What is production level that maximizes the daily revenue?

Suppose we have a function of a function: y=f(w) and w=g(x). This means that y=f [g(x)] The derivative of y with respect to x will be
equal to; 

dy/dx= dy/dw * dw/dx

This rule is called as .............

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?

Which of the following is used by economists to explain an economic or social phenomenon?

As a consumer which of the following you pursue?

I) “Ceteris Paribus” means holding other things constant. 

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

III) Elasticity is the responsiveness of the dependent variable to the change in the independent variable.

Which of the following indicates true definition(s)?

In a model of y=a+bx+cw+dz, which of the folowing is a constant parameter?

If there is no constraint in the process of optimization of an objective function, this is called ................   optimization

What is the profit maximization condition for all markets?

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?

In a two-variable function, if second order derivatives exist and are themselves continuous, cross partial derivatives are equal.
This is known as ............

Which of the following constraint is faced by household?

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

What is the assumption allows us to separate the effect of variable of interest from other possible related variables called?

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

Which of the following is shown by a model?

..... is the responsiveness of the dependent variable to the change in the independent variable.  It measures the responsiveness of dependent variable (y) to the changes in independent variable (x).