Ünite Sınavı Soruları

A unit change in the production cost of a computer produced at a number of x units is given by C' (x) = 

If the number of computers to be produced increases from 100 to 300, find the increase in the total cost?

A company expects its income during the next 5 years to be modelled by

Assuming an annual inflation rate of 12% what is the present value of this income?

A unit change in the production cost of a item produce at a number of x units is given by C' (x) = 10x + 2000. If the number of items to be produce increases from 10 to 20, find the increase in the total cost

Marginal revenue that is obtained from the sale of a product

is given by

If the fixed cost is 326 TL, how many units of

is sold to gain 750 TL?

A consumer is willing to pay 150000 for a new certain model of car of which demand function is

If this consumer is able to buy this car for a price 145.500, then what is the consumer surplus?

A unit change in the production cost of a house built at a number of x units is given by C' (x) =

If the number of houses to be built increases from 2 to 4, find the increase in the total cost

A country’s distribution of income is defined by the curve

What is the Gini index of this country?

Calculate the Gini index for an income distibution if the Lorenz curve function is given by L(x)=x²

 A certain item is supplied according to the rule

and its prices for an amount of q₀ units is 56TL. Compute the producer surplus for this market?

1. Consumer surplus is derived whenever the price a consumer actually pays is less than they are prepared to pay.
2. A demand curve indicates what price consumers are prepared to pay for a hypothetical quantity of a good, based on their expectation of private benefit.
3. In a certain market, if a producer who is willing to sell a product at a certain price may sell the product higher than the price he asks, then he has increased his revenue, this extra amount gained is called the producer surplus (PS).
4. The producer surplus is the difference of the price the producer is willing to sell and the actual price he sells his product.

Which of the statements above related to the consumer surplus and the producer surplus are correct?

Suppose that a company manufactures a certain type of machine, and it estimates that each machine will generate a continuous income stream whose rate in the th year of operation will be 15 −  2t  million TL per year. Assuming that the lifetime of a machine is about 7 years and that the money can be invested at the annual rate of 8%, compounded continuously, find the fair market price of each machine.

Suppose the market for grain is described by the given equations S(q) and D(q), where the supply is

and the demand is

What is the consumer surplus for this model?

Records indicate  that

months after the beginning of the year, the price of local milk  in market was  

What  was the average price of local  milk during the first   4 months  of the year?

The supply curve of a certain product is given by

What is the producer surplus when 7 units of this product are sold?

1. A certain product or a service is valued at different prices by different consumers.
2. Although different consumers are willing to pay different prices to a particular item, every product has a fixed price in the free-market.
3. If consumer may buy a product under a price they are willing to pay, this may be considered as a gain which is called as consumer surplus (CS).
4. If a product is bought under a price that is desired to be paid, the unpaid part of the total amount to be paid is the consumer surplus.his gain is called as consumer surplus (CS).

Which of the statements above related to the consumer surplus are correct?

If you plan to deposit 1200 TL per year continuously into an account that pays 6% annual interest compounded continuously, what would be the amount in the account at the end of 10 years?

Demand function for apples is given by D(q)=40-q² where q denotes the amount in kgs. What will be the consumer surplus if 5kg is purchased?

If the supply function of a certain commodity is given by

what is the producer surplus  when the price