Ünite Sınavı Soruları

If the product price is 3 TL per unit, the wage rate (w) is 3 TL per worker, the rental price of capital (r) is 2 TL per unit of capital, and the firm employs 8 workers and 3 capital, and its profit is 120 TL. How many units of output does the firm produce?

What is the first order condition?

The normal working time is how many hours per week in Turkiye?

I.Labor demand is more elastic the greater the elasticity of demand for the output. 

II. Labor demand is more elastic the greater the elasticity of substitution.

III. Labor demand is more elastic the greater labor’s share in total costs.

IV. Labor demand is more elastic the lesser the supply elasticity of capital

Which one of the above expressions that are related with the Marshall's Laws of Derived Demand are correct?

Which of the following senteces is incorrect?

I. They have only one objective (profit maximization)

II. They ae rational

III. It's impossible for them to know all the techniques that form a production function 

Which of the above assumptions about private firms within the scope of the production function is/are incorrect?

I. The demand for labor in the economy determines how many people (or labor hours) will be employed

II. The demand for labor in the economy determines how much people who are employed will earn

III. So-called “third sector” means private sector

IV. The demand for labor is a derived demand

Which of the sentences above are correct?

It is the link between output and all inputs, including labor, and it defines the maximum quantity of output as a function of a given set of inputs. It is the key to understanding the demand for labor and is a function that represents the maximum quantity of output a firm can produce given a certain quantity of input(s).

Which of the following is the concept described above?

Which one of the following is a Leontief type production function?

Which of the following is the correct matching of the concepts and definitions given above?

Which one of the following will cause an upward shift in the labor demand curve?

____________________  is the increase in the quantity of output that results from employing one more unit of labor. 

Which of the following correctly completes the blank given in the sentence above?

What is the rate of informal unemployment in Türkiye by 2021?

Considering the above function, what are the marginal product of labor (MPL) and marginal product of capital (MPK) functions?

Suppose that a firm employes 20 workers and each workers works 7 hours per day. Please find the quantity of labor.

Suppose that the product price is 5 TL per unit. By using the table find the value of average product for 5 workers.

Suppose a firm with 5 units of capital. The product price for is 4 TL per unit and the rental price of capital is 2 TL per unit of capital. Firm employs 5 workers and will produce 42 units of output. Please calculate the firm's profit.

The marginal product of labor is 30, marginal product of capital is 15, and the  price of the labor (w) is 6. Which one of the fallowing equals price of the capital?

I. Informal labor has a large share in total employment in developed countries

II. Informal labor refers to those employees who are not registered in any social security organization

III. The wage rate is the price of labor per unit of time or output, usually as negotiated between workers and employers

Which of the information given above is correct?

The demand for labor at the industry level will increase from 5000 to 6500 workers in response to a decline in the wage rate from 40 TL to 35 TL. What is the short run elasticity of labor demand?