Ünite Sınavı Soruları

Calculate the Gini index for the following Lorenz function

Distribution of income of a country is given by the Lorenz curve

What is the Gini index of this country?

In a certain market, demand function is given by

and supply function is

for a certain product. What is the equilibrium point?

"Integration is finding the antiderivative of a given function"

According to explanation above, which of the following options indicates integrating the marginal cost function with respect to x?

If the marjinal revenue for selling   units of a product is defined by

what is the total revenue if the sale increases  from 5 units to 10 units?

The supply curve of a certain product is given by

What is the producer surplus when 10 units of this product are sold?

What is the future value at %25 compounded continuously for 4 years for the continuous income stream with a constant rate of flow 

The supply curve of a certain product is given by

what is the producer surplus when  10 units of this product are sold?

Demand function of a commodity is given by  p=41-x² where x and p denote quantity and price, respectively. What is the consumer surplus at the price 5 ?

1. The total surplus is the difference between the total value of a commodity on the consumer side and the total cost of the producers.
2. The total surplus is the sum of the consumer surplus and the producer surplus.
3. A decrease in the total surplus corresponds to a decrease in prosperity.
4. Increasing the trading volume, i.e. increasing the market equilibrium, signifies an increase in the public welfare.

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

If the supply function of a certain commodity is given by

what is the producer surplus when the price is 9TL ?

What is the total profit earned over the period from 5^th to 10^th years, if the marginal profit is

in millions of TL per year?

A White goods company produces refrigerators at a number of 

units with a marginal cost

If it costs 11200 to produce 10 units of refrigerators, what is the fixed cost?

A certain item is supplied according to the rule

and its prices for an amount of

units is 65 TL. Compute the producer surplus for this market.

If the marginal revenue for selling x units of a product is defined by

What is the total revenue if the sale increases from 10 units to 20 units?

1. One of the most fundamental concepts in economics is the law of supply and demand for a certain commodity or a service in a freemarket environment.
2. The quantity of the commodity produced and sold may be described by two curves called the supply and demand curves for the particular commodity in question.
3. Supply is the amount of a product per unit of time that producers are willing to sell at various given prices when all other factors are held constant.
4. The demand is defined as the quantity of a commodity or a service that people are willing or able to buy at a certain price when all factors are held constant.
5. Supply is the relation between the quantity of a product and the factors determining this quantity, and since there is a direct proportion, the supply function is an increasing function.
6. The demand is in inverse proportion with the quantity supplied so the demand function is a decreasing function.

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

If the marginal revenue for selling x units of a product is defined by

What is the total revenue if the sale increases from 10 units to 20 units?

Assume that supply function for apples is given by S(q)=2+q². What will be the producer surplus when the price is 18?

Which of the following is the Gini index for the given Lorenz curve