2021–2022 YO Sınavı Çıkmış Soruları

1. Which of the following statements is correct for the properties of indifference curves? A) Indiference curves are always concave B) Indiference curves can sometimes cross each other C) Indifference curves slope downward to the right D) Indiference curves are upward sloping E) More goods are not preferable to fewer goods

2. When the demand is unit elastic where it shows the mid-point of the linear demand curve, what can be said about the total revenue of the firm? A) The total revenue is maximum when the demand is unit elastic B) The total revenue is minimum when the demand is unit elastic C) The total revenue is still increasing when the demand is unit elastic f.so D) The total revenue is decreasing when the demand is unit elastic E) The total revenue is zero when the demand is unit elastic

3. Compared to a perfectly competitive market, a monopoly produces-----. Which of the following completes the sentence above? A) more than the socially efficient quantity of output and charges a relatively lower price B) same socially efficient quantity of output and charges same price C) less than the socially efficient quantity of output and charges a relatively higher price D) same amount of a deadweight loss E) minimum level socially efficient quantity of output and charges highest price possible

4. About the accounting profit and economic profit, which of the following statement is correct? A) Accounting profit is always smaller than the economic profit B) Economic profit is always smaller than the accounting profit C) Accounting profit and economic profit are equal to each other D) If the rents are zero then the accounting profit and economic profit are equal to each other E) In case of zero implicit costs, accounting profit is smaller than the economic profit

5. Which of the following pair are considered as the possible cause of market failure? A) Presence of efficiency and market power, B) Presence of sunk costs and opportunity cost. C) Presence of positive externalities and negative externalities, D) Presence of externalities and market power, E) Presence of externalities and sunk costs,