2022–2023 Dönem Sonu Sınavı Çıkmış Soruları

1. Which of the following statement is not correct about the relationship between marginal cost and average cost? A) The marginal cost goes through the minimum points of both average cost and average variable cost curves. B) The marginal cost is responsible for the U-shaped average cost and average variable cost. C) When the marginal cost is higher than the average cost, average cost will be increasing as the output increases. D) When the marginal cost is lower than the average cost, it pulls average cost down as the output increases. E) When the marginal cost is lower than the of. average cost, it pulls average cost up as the output increases.

2. Which of the following is not among the main determinants of the capital demand? A) The operating costs of it. B) The marginal revenue product received by having it. C) The revenue received by selling land. D) the price we could receive eventually by selling the same machine. E) The interest rate.

3. Which of the following statement is correct about a monopolistically competitive firm's earned profit and the profit maximizing quantity in the long-run? A) This firm's profits are negative and the price is greater than the maximum willingness to pay price of consumers. B) This firm's profits are positive and the price is equal to total cost (TC). C) This firm's profits are positive and the price also is equal to the min of the average variable cost (AVC) at the profit maximizing quantity. D) This firm's profits are equal to zero at the profit maximizing quantity where (MR) of the last unit is exactly equal its MC. E) This firm's profits are positive at the profit of. maximizing quantity where (MR) of the last unit is exactly equal its AR.

4. While a market is in equilibrium, what happens to equilibrium price and quantity if there is a change in income that causes a shift of the market demand curve to the right? A) The equilibrium price increases but the equilibrium quantity decreases. B) Both the equilibrium price and equilibrium quantity decreases. C) Both the equilibrium price and equilibrium quantity increases. D) The equilibrium price decreases but the equilibrium quantity increases. E) The equilibrium price and equilibrium quantity do not change.

5. What would be the shape of the long-run supply curve (LRS) in the case of no external economies or diseconomies exist? A) the LRS curve is backward bending. B) the LRS curve is vertical. C) the LRS curve is perfectly elastic. D) the LRS curve slopes upward. E) the LRS curve slopes downward.