Ünite Sınavı Soruları

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

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

Fill in the blank with the most suitable term.

I) Indifference curves are concave to the origin. 

II) Indifference curves never intersect each other

III) Indifference curves have a positive slope

Which of the following is true about indeference curves?

What is the unit of measurement of utility when utility is assumed to be cardinal?

What is marginal Utility? 

If the marginal rate of substitution between two goods is infinite, what do we call them?

Two functions with identical ordinal properties are called ........ monotonic transformations of each other.

If two functions differ by a positive multiplicative constant, an exponential constant or an additive positive or negative constant, they are ____________ of each other.

Which of the following fills the blank in the sentence above?

Which of the following refers to the maximum amount of a good that a consumer
is willing to give up in order to obtain one more unit of another good while the satisfaction level of the consumer is constant?

________ is a curve representing all combinations of commodity bundles that provide the same level of satisfaction to a consumer.

Which of the following fills the blank in the sentence above?

Given that MUY = 60, Px = 5 and PY = 20 respectively, what would be the marginal utility of good X for the consumer if the consumer is in equilibrium?

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

Given that MUx = 50, Px = 10 and MUy = 100 respectively, what would be "Py" if the consumer is in equilibrium?

Which of the following is not true about the properties of the indifferences curves?

What is the unit of measurement of utility when utility is assumed to be cardinal.

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

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

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

Which below is an important property of indifference curves that stems from the axioms and assumptions of the consumer preference theory?

Which basic axiom of about the consumer preferences  states that if two consumption
bundles are identical then the consumer is indifferent between the two bundles?