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Mathematıcal Economıcs (ENG)

Toplam 90 soru bulundu.

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Mathematıcal Economıcs (ENG) - Tüm Sorular

Ünite 1

Soru 1

What do we call representation of the original, where many details and complexities are reduced to emphasize traits relevant to the problem at hand?

Seçenekler

A
Set
B
Allegori
C
Example
D
Model
E
Trend
Açıklama:
A model is a representation of the original, where many details and complexities are reduced to emphasize traits relevant to the problem at hand.

Soru 2

What do we call the collection of elements, items, and objects,
where the collection is well-defined?

Seçenekler

A
Model
B
Set
C
Mass
D
Inventory
E
Subset
Açıklama:
A set is a collection of elements, items, and objects, where the collection is well-defined.

Soru 3

What do we call the set of all possible ordered combinations where each element of the combination comes from a different set that enters the operation?

Seçenekler

A
The universal set
B
Rhe empty set
C
The Cartesian product
D
The Affirmative product
E
The Keynesien product
Açıklama:
The Cartesian product is the set of all possible ordered combinations where each element of the combination comes from a different set that enters the operation.

Soru 4

"Function is also called ............ or ................."
Which one of the below choices fill in the blanks in the above sentence meaningfully?

Seçenekler

A
set / model
B
set / intersection
C
mapping / transformation
D
equation / sum
E
set / result
Açıklama:
Function is also called mapping or transformation.

Soru 5

What do we call a function whose graph is a straight line?

Seçenekler

A
linear function
B
holistic function
C
t-test function
D
univariate function
E
limited function
Açıklama:
The term linear function means a function whose graph is a straight line.

Soru 6

What do we call functions that are inverse of exponential functions?

Seçenekler

A
base functions
B
compound functions
C
linear functions
D
alternate functions
E
logarithmic functions
Açıklama:
Functions that are inverse of exponential functions are called logarithmic functions.

Soru 7

Which of the followings is the most well-known polynomial?

Seçenekler

A
polynomial function
B
non-linear function
C
linear funtion
D
quadratic function
E
first-order function
Açıklama:
The quadratic function is the most well-known polynomial.

Soru 8

What kind of function can be represented by a graph that can be drawn from one end of the coordinate system to the other without lifting the pen?

Seçenekler

A
continuous
B
first-order
C
compound
D
non-linear
E
infinite
Açıklama:
A continuous function is a graph that can be drawn from one end of the coordinate system to the other without lifting the pen.

Soru 9

How many types of discontinuity exist in discrete functions?

Seçenekler

A
3
B
2
C
8
D
6
E
11
Açıklama:
There are three types of discontinuity in discrete functions; jump, infinite, and removable discontinuity

Soru 10

"An infinite discontinuity occurs when the curve has a(n) ...................."
Fill in the blank with the correct word / words.

Seçenekler

A
jump
B
asymptote
C
infinite slope
D
vertical asymptote
E
removable discontinuity
Açıklama:
An infinite discontinuity occurs when the curve has a vertical asymptote.

Soru 11

Construct the linear function of the line passing through the points (-3, 5) and (2, -5) and
express the slope of the line.

Seçenekler

A
y= f(x)=-2x-1
B
y=f(x)=-3x-2
C
infinite
D
y=f(x)=0
E
y= f(x)=-x-2
Açıklama:

Soru 12

2000 TL is deposited to a bank at an annual rate of interest of 13% for 3 years in an account that pays compound interest monthly. What is the value of the investment (total amount) at the end of the term?

Seçenekler

A
2299.59 TL
B
2947.77 TL
C
3347.12 TL
D
3817.54 TL
E
2985.63 TL
Açıklama:
This question asks the future value of the principal sum of 2000 TL at the end of the 3 years term. Here P = 2000, r = 0.13, m = 12 and t = 3.

Soru 13

Which of the following is the slope of the graphed function?

Seçenekler

A
-10
B
-5
C
-0.5
D
0
E
infinite
Açıklama:
The function y = f (x) = 90 - 0.5x has a negative slope of -0.5

Soru 14

What is the decreasing convex graph and its function?

Seçenekler

A
B
C
D
E
Açıklama:

Soru 15

What type of disconity is the given graph?

Seçenekler

A
Jump discontinuity
B
Infinite discontinuity
C
Undefine discontinuity
D
Decreasing discontinuity
E
Removable discontinuity
Açıklama:
A removable discontinuity occurs when there is a rational expression with common factors in the numerator and denominator. Since these factors can be canceled, the discontinuity is “removable.”

Soru 16

Which function is increasing?

Seçenekler

A
F(x)=5x-8
B
F(x)=130-x
C
F(x)=110-2x
D
F(x)=120-3x
E
F(x)=-2x+90
Açıklama:

Soru 17

Seçenekler

A
X1=1
X2=-5
B
X1=5
X2=-5
C
X1=0
X2=-5
D
X1=∞
X2=0
E
X1=0
X2=-2
Açıklama:

Soru 18

Seçenekler

A
(f+g)(x)=0
B
(f+g)(x)=3x+10
C
(f+g)(x)=2x-1
D
(f+g)(x)=x2+10
E
(f+g)(x)=∞
Açıklama:

Soru 19

Seçenekler

A
(f+g)(x)=0
B
(f+g)(x)=x2-2x+3
C
(f+g)(x)=2x2-4x+3
D
(f+g)(x)=7x-5
E
(f+g)(x)=∞
Açıklama:

Soru 20

Which of the following functions is odd function?

Seçenekler

A
f(x)=x2
B
f(x)=x8
C
f(x)=x6
D
f(x)=x5
E
f(x)=x4
Açıklama:
An even function has a property of f (x) =f (-x) for all x. In other words, there is symmetry in the y-axis for even functions. An odd function generates symmetry in the x-axis and has the condition -f (x) = f (-x) for all x values. The functions x, x3, x5, etc. are odd functions The functions x2, x4, x6, etc. are even functions. The sum of two even functions is even, and the sum of two odd functions is odd, but the sum of an even and odd function is neither. The product of two even and odd functions is an even function, but the product of an even function and an odd function is an odd function.

Ünite 2

Soru 1

How to derive the slope of a line from the equation of the line?

Seçenekler

A
by deriving
B
by summing
C
by differentiating
D
by multiplying
E
by dividing
Açıklama:
The correct answer is "by deriving".
The correct answer is option A.

Soru 2

How to find a maximum or minimum value of a function?

Seçenekler

A
By Deriving and equaling the function to zero
B
By differentiating and equaling the function to zero
C
By dividing and equaling the function to 1
D
By deriving and equaling the function to 1
E
By summing and equaling the function to zero
Açıklama:
A maximum or minimum value of a function can be find by deriving the function and then equaling to zero.
The correct answer is option A.

Soru 3

What is the rate of change of national income according to the change in the exogenously determined investment?

Seçenekler

A
MPC
B
MPS
C
Marginal revenue
D
Keynesian multiplier
E
Marginal cost
Açıklama:
Rate of change of national income according to the change in the exogenously determined investment is Keynesian multiplier.
The correct answer is option D.

Soru 4

Which one of the followings is linear function ?

Seçenekler

A
B
C
D
E
Açıklama:
The correct answer is option C.

Soru 5

What is the change in cost when the unit produced changes?

Seçenekler

A
The marginal revenue
B
The marginal cost
C
The total revenue
D
The average revenue
E
The profit function
Açıklama:
The Marginal Cost is the change in cost when the unit produced changes.
The correct answer is b

Soru 6

What is the third derivative of
with respect to x?

Seçenekler

A
4
B
12
C
16
D
24
E
24X
Açıklama:
third derivative of given function is 24
correct answer is d

Soru 7

are given, what is the Keynesian multiplier?

Seçenekler

A
1
B
2
C
3
D
1,2
E
0
Açıklama:
for given function, Keynesian multiplier can be find as "2"
The correct answer is b

Soru 8

is given, what is the derivative of given function with respect to x?

Seçenekler

A
B
C
D
E
Açıklama:
The derivative of given function with respect to x is;

The correct answer is A

Soru 9

is given, what is the derivative of given function with respect to y?

Seçenekler

A
B
C
D
E
Açıklama:
The derivation of given function with respect to y is;

The correct answer is A

Soru 10

What is the percentage change of a variable within a specific time period ?

Seçenekler

A
Rate of change
B
Rate of growth
C
Marginal
D
Elasticity
E
Limit
Açıklama:
Percentage change of a variable within a specific time period is rate of growth.
The correct answer is option B

Ünite 3

Soru 1

Let A be a 3x4 matrix. If the product of AB is 3x7 what is the size of matrix B?

Seçenekler

A
3x4
B
4x3
C
3x7
D
4x7
E
7x4
Açıklama:

Soru 2

How many rows does have A if AB is a 4x3 matrix?

Seçenekler

A
1
B
2
C
3
D
4
E
5
Açıklama:
In general, m×n matrix A multiplies the general n×r matrix B, then the product matrix C will be the m×r.
If mxr=4x3 then m=4.

Soru 3

Seçenekler

A
B
C
D
E
Açıklama:

Soru 4

Seçenekler

A
B
C
D
E
Açıklama:

Soru 5

Seçenekler

A
[3 0 2]
B
[2 4 0]
C
[1 -3 1]
D
[2 0 1]
E
[3 2 1]
Açıklama:
The second row of matrix AB is [2 4 0].

Soru 6

Seçenekler

A
13
B
14
C
15
D
16
E
17
Açıklama:

Soru 7

Seçenekler

A
B
C
D
E
Açıklama:

Soru 8

Seçenekler

A
{1, 2}
B
{5, -2}
C
{1, -2}
D
{5, -1}
E
{0, -2}
Açıklama:

Soru 9

Seçenekler

A
-3
B
-2
C
-1
D
0
E
1
Açıklama:

Soru 10

If a matrix B is 3x1 and the matrix C is 1x3, what is the size of product BC?

Seçenekler

A
1x1
B
1x3
C
3x1
D
3x3
E
4x4
Açıklama:
If A = (a_i j ) is an mxn matrix and B = (b_i j ) is an nxr matrix, then the product AB = C = (c_i j ) is the mxr matrix.

Ünite 4

Soru 1

Whose efforts lead to the popularism of input-output analysis?

Seçenekler

A
Wassily W. Leontief
B
John Dewey
C
Karl Mar
D
François Quesnay
E
Léon Walras
Açıklama:
Input-output analysis became popular when Wassily W. Leontief collected data to provide input-output matrix tables in the US.

Soru 2

When was François Quesnay’s Tableau Economique published?

Seçenekler

A
1757
B
1758
C
1913
D
1914
E
1816
Açıklama:
François Quesnay’s Tableau Economique was published in 1758.

Soru 3

Which of the following philosophers' theories are strongly connected to the input-outpoot analysis.

Seçenekler

A
Léon Walras
B
Anthony Tapies
C
Friedrich Engels
D
Karl Marx
E
Edwin Ziegfeld
Açıklama:
The input-output analysis is strongly connected to ideas of Karl Marx for the
establishment of planned economic societies in Capital published in 1867-94.

Soru 4

Which institution in Turkey releases input-output tables every couple of years?

Seçenekler

A
DMO
B
TurkStat
C
TBMM
D
Isbank
E
Ministry of Foreign Affairs
Açıklama:
In Turkey, TurkStat releases inputoutput tables every couple of years.

Soru 5

What do input-output tables indicate?

Seçenekler

A
The flows of labour in between industries
B
The workforce trends
C
The flows of goods between industries.
D
The flow of capital between industries
E
The flow of capital
Açıklama:
Input-output tables indicate the flows of goods between industries.

Soru 6

Who introduced a form of inverse matrix that creates a way to analyze direct and indirect impact of inputs on output?

Seçenekler

A
Wassily W. Leontief
B
Karl Marx
C
Enid Zilberman
D
François Quesnay
E
Léon Walras
Açıklama:
Wassily W. Leontief introduced a form of inverse matrix that creates a way to analyze direct and indirect impact of inputs on output.

Soru 7

Which method is used to calculate backward and forward linkages using the Leontief inverse matrix?

Seçenekler

A
the Cherry-Watanabe method
B
the Leontief method
C
the Ghosh method
D
the Barbara method
E
the Rasmussen method
Açıklama:
The Rasmussen method is used to calculate backward and forward linkages using the Leontief inverse matrix.

Soru 8

How can the direct import dependency be estimated?

Seçenekler

A
By dividing total imports by total output in a given industry.
B
By dividing the total profit by total output in each industry.
C
By dividing required exports by total output in each industry.
D
By dividing required imports by total output in each industry.
E
By dividing required taxes by total output in each industry.
Açıklama:
Direct import dependency can be estimated by dividing required imports by total
output in each industry.

Soru 9

In which method the technological coefficients are directly used to have backward and forward linkages?

Seçenekler

A
the Leontief method
B
the Cherry-Watanabe method
C
the Rasmussen method
D
The Routluff method
E
The Keynesien Method
Açıklama:
In the Cherry-Watanabe method, technological coefficients are directly used to have backward and forward linkages.

Soru 10

Who introduced an alternative inverse matrix method that is driven by a supply-side approach?

Seçenekler

A
Marx
B
Leontief
C
Ghosh
D
Walras
E
Quesnay
Açıklama:
Ghosh introduced an alternative inverse matrix method that is driven by a supply-side approach.

Soru 11

Who received the Nobel Prize in Economics for his prominent input-output research?

Seçenekler

A
Walras
B
Leontief
C
Quesnay
D
Dewey
E
Marx
Açıklama:
Wassily W. Leontief received the Nobel Prize in Economics for his prominent input-output research.

Soru 12

Who developed the General Equilibrium Theory?

Seçenekler

A
Marx
B
Leontief
C
Read
D
Walras
E
Quesnay
Açıklama:
Léon Walras developed the General Equilibrium Theory.

Soru 13

When was Wassily W. Leontief's "Quantitative Input and Output Relations in the Economic System of the United States" published?

Seçenekler

A
1932
B
1933
C
1934
D
1935
E
1936
Açıklama:
Wassily W. Leontief's "Quantitative Input and Output Relations in the Economic System of the United States" was published in 1936.

Soru 14

When was Karl Marx "Capital" published?

Seçenekler

A
1867
B
1868
C
1869
D
1870
E
1871
Açıklama:
Karl Marx "Capital" was published in 1867.

Soru 15

What do Input-output tables indicate? the flows of goods
between industries.

Seçenekler

A
The flows of workers between industries.
B
The flows of goods between industries.
C
The sum of remedees between industries.
D
The flows of profit between industries.
E
The demand of consumers in differing industries.
Açıklama:
Input-output tables indicate the flows of goods between industries.

Soru 16

Who introduced a form of inverse matrix that creates a way to analyze direct and indirect impact of inputs on output?

Seçenekler

A
Hawkins-Simon
B
Quesnay
C
Leontief
D
Walras
E
Read
Açıklama:
Wassily W. Leontief introduced a form of inverse matrix that creates a way to analyze direct and indirect impact of inputs on output.

Soru 17

Who introduced an alternative inverse matrix method that is driven by a supply-side approach?

Seçenekler

A
Cherry-Watanabe
B
Dewey
C
Leontief
D
Ghosh
E
Marx
Açıklama:
Ghosh introduced an alternative inverse matrix method that is driven by a supply-side approach.

Soru 18

In which approach, does total demand consist of household expenditure or consumption, government expenditure and investment?

Seçenekler

A
Keynesian
B
Deweyan
C
Freudien
D
Hegelian
E
Lutheran
Açıklama:
In the Keynesian approach, total demand consists of household expenditure or consumption, government expenditure and investment.

Soru 19

Which of the following is necessary to calculate import dependency?

Seçenekler

A
The row vector of exported input used in production.
B
The matrix form of imported input used in production
C
The row vector of tax to be paid.
D
The row vector of production rate.
E
The matrix of work and time.
Açıklama:
To calculate import dependency, the row vector of imported input or the matrix form of imported input used in production is necessary.

Soru 20

Which of the following can be estimated by dividing required imports by total
output in each industry?

Seçenekler

A
Production rate
B
Internal production coefficient
C
Direct import dependency
D
Indirect export dependency
E
Indirect revenue sum
Açıklama:
Direct import dependency can be estimated by dividing required imports by total
output in each industry.

Ünite 5

Soru 1

What is the general term used for processes involving a search for a maximum (in the context of a maximization process) or a minimum (in the context of a minimization process) among a number of alternatives ?

Seçenekler

A
Optimization
B
Differentiation
C
Limits
D
Functions
E
Convexity
Açıklama:
Optimization is the general term used for processes involving a search for a maximum (in the context of a maximization process) or a minimum (in the context of a minimization process) among a number of alternatives.
The correct answer is option A.

Soru 2

Maximum or minimum values found from the solution of an optimization problem are called "............. " . Which of the following options best fits in the blank?

Seçenekler

A
Optimums
B
Set
C
Subset
D
Saddle Points
E
Stationary points
Açıklama:
Maximum or minimum values found from the solution of an optimization problem are called optimums or optima.
The correct answer is option A.

Soru 3

Which of the following tests is used to identify the extreme values of the choice variables?

Seçenekler

A
First Derivative Test
B
Second Order Derivative Test
C
Horizontal Line Test
D
Vertical Line Test
E
Concavity Test
Açıklama:
A search for local extremums starts with the so-called first derivative test. Critical values of the choice variable identiied through this test will allow for the determination of local optima for the objective function variables.
The correct answer is option A.

Soru 4

How many steps does the first derivative test have ?

Seçenekler

A
2
B
3
C
4
D
5
E
6
Açıklama:
the first derivative test is a two-step procedure. It requires, first, identification of the
critical values xi* of the choice variable at which f ‘(xi* )=0 or f ‘(xi* ) does not exist. Then,
each critical value must be checked to see if there is a switch in the sign of the first derivative of a function.
The correct answer is option A.

Soru 5

Which of the following curves show combinations of output that can efficiently be produced by using all available resources in a fashion specified by the given production functions for each product?

Seçenekler

A
Production possibilities frontier curve
B
Indifference Curve
C
Demand Curve
D
Supply Curve
E
Isoquant curve
Açıklama:
Production possibilities frontier curve shows combinations of output that can efficiently be produced by using all available resources (land, labor, capital, raw materials, energy, etc.) in a fashion specified by the given production functions for each product.
The correct answer is option A.

Soru 6

What is the slope of the production possibilities frontier curve?

Seçenekler

A
Opportuinty cost
B
Average Cost
C
Fixed Cost
D
Variable Cost
E
Sunk Cost
Açıklama:
The PPF is downward sloping, and its negative slope measures the opportunity cost.
The correct answer is option A.

Soru 7

A firm's total revenue function is where q represents production. Which of the following production levels maximizes the total revenue?

Seçenekler

A
16
B
26
C
36
D
46
E
56
Açıklama:

The correct answer is option A.

Soru 8

A firm's total profit function is given by , where q indicates the production level. What is the production level that maximizes the total profit?

Seçenekler

A
5.5
B
6.5
C
7.5
D
8.5
E
9.5
Açıklama:

The correct answer is option A.

Soru 9

The total cost function is given by the equation where q represents the production level. Which of the production levels minimizes the average cost (AC)?

Seçenekler

A
2.5
B
5.5
C
7.5
D
10.5
E
12.5
Açıklama:

The correct answer is option A.

Soru 10

Which of the following tests is used to determine whether a specific critical value of the choice variable is associated with a local maximum or minimum ?

Seçenekler

A
First Derivative Test
B
Second Derivative Test
C
Third Derivative Test
D
Horizontal Line Test
E
Vertical Line Test
Açıklama:
The second-order derivative could be used to establish whether a specific critical value of the choice variable is associated with a local maximum or minimum through the so-called second derivative test.
The correct answer is option B.

Soru 11

Given total cost function TC(q)= q3 -30q2+82q+190, find the second derivative TC''(q) at the point q=110.

Seçenekler

A
100
B
200
C
300
D
500
E
600
Açıklama:
6(110-100)=6.100=600

Soru 12

Which of the following is the local max of TC(q)= q3 -6q2 ?

Seçenekler

A
-6
B
-1
C
0
D
1
E
6
Açıklama:
Critical point of the total cost function q=0 and q=6.
TC''(0)<0 f has a local max value at 0.

Soru 13

Given function TC(q)= q3-6q2 ,find the local minimum value for this function?

Seçenekler

A
-32
B
0
C
6
D
12
E
32
Açıklama:
Critical point of the function q=0 and q=4.
TC''(4)>0 f has a local min value at 4. The minimum value of f is -32.

Soru 14

For the function TC(q)= q2- 4q+4, find the first derivative TC'(q) at the point q=1.

Seçenekler

A
-2
B
-1
C
0
D
1
E
2
Açıklama:
IF TC(q)= q2- 4q+4, then the first derivative of TC'(q)= 2q-4
TC'(1)=2-4=-2

Soru 15

Given the function f(x)=x3 - x2-1, find local maximum value for this function.

Seçenekler

A
-2
B
-1
C
0
D
1
E
2
Açıklama:
f'(x)=3x2-2x=0 critical point x=0 and f''(0)<0,
max value at zero f(0)=-1

Soru 16

You are running a small business. You know that your weekly revenue from the sale of q units is R(q)=48q-0.2q2. Assuming your weekly costs of producing q units is given by the function C(q)= 36+12q. Find the maximum profit.

Seçenekler

A
90
B
1000
C
1250
D
2450
E
1584
Açıklama:
Profit=revenue-cost=48q-0.2q2-(36+12q)
P'(q)=0 q=36/0.4=90
P(90)=1584

Soru 17

Given total cost function TC(q)= q3 -3q2+8q+1, find the second derivative TC''(q) at the point q=10.

Seçenekler

A
18
B
24
C
36
D
54
E
60
Açıklama:
6(10-1)=6.9=54

Soru 18

Given the production function is
q(K, L) = 2KL - 0.5L2 -K2 + L + 3K
Find the derivative of qkk .

Seçenekler

A
-2k
B
-2k+3
C
-k
D
-2
E
0
Açıklama:
d/k(p)=2kl-2k+3
d/dk(2l-2k+3)=-2

Soru 19

What is the general term used for processes involving a search for a maximum or a minimum among a number of alternatives?

Seçenekler

A
Derivative
B
Limit
C
Optimization
D
Optima
E
solving max min problem
Açıklama:

Soru 20

What are the called maximum or minimum values found from the solution of an optimization problem?

Seçenekler

A
Optimal value
B
Local min
C
Optima
D
Increasing function
E
Decreasing function
Açıklama:

Ünite 6

Soru 1

If the integral is by an upper and lower limit given or known, the area underneath can be calculated using these values. What do we call this integral?

Seçenekler

A
Export integral.
B
Definite integral.
C
Antiderivative integral
D
Indefinite integral.
E
Null integral
Açıklama:
If the integral is by an upper and lower limit given or known, the area underneath can be calculated using these values. This integral is called a definite integral.

Soru 2

What do we call the price difference between the current price in the market and the price that consumers are willing to pay?

Seçenekler

A
The consumers’ cut.
B
The consumers’ income.
C
The consumers’ surplus.
D
The consumers’ revenue.
E
The consumers’ choice.
Açıklama:
The price difference between the current price in the market and the price that consumers are willing to pay is called the consumers’ surplus, which is the area under the demand curve and above the equilibrium price level.

Soru 3

Which of the following is indicated by the area under the demand curve and above the equilibrium price level?

Seçenekler

A
The consumers’ income.
B
The consumers’ surplus.
C
The consumers’ rate.
D
The consumers’ integral.
E
The consumers’ outcome.
Açıklama:
The consumers’ surplus is the area under the demand curve and above the equilibrium price level.

Soru 4

If the integrated function is not continuous or the interval goes to infinity, what do we call these integrals?

Seçenekler

A
Derivative integrals.
B
Antiderivative integrals.
C
Riemann integrals.
D
Improper integrals.
E
Conductive integrals.
Açıklama:
If the integrated function is not continuous or the interval is not bounded (goes to infinity) these integrals are named improper integrals.

Soru 5

What do we call the price difference between the current price in the market and the price that producers are willing to accept?

Seçenekler

A
Consumers surplus.
B
Producers surplus.
C
Import surplus.
D
Import expanditure.
E
Global surplus.
Açıklama:
This price difference between the current price in the market and the price that
producers are willing to accept is called “producers surplus”

Soru 6

Investments are made with expectations of receiving returns or money flows. These received returns or flows change the capital stock. What do we call this change rate?

Seçenekler

A
The surplus investment rate.
B
The net profit rate.
C
The net exposure.
D
The surplus investment.
E
The net investment.
Açıklama:
Investments are made with expectations of receiving returns or money flows. These received returns or flows change the capital stock, and the change rate is known as the net investment.

Soru 7

Why do we use the derivation?

Seçenekler

A
To calculate the area of the slope.
B
To find the slope of the curve.
C
To estimate the curve shape.
D
To calculate the slope rate.
E
To identify the slope area.
Açıklama:
The derivation is used to find the slope of the curve.

Soru 8

Which of the following can be an example for a continuous flow of income?

Seçenekler

A
A rock star receiving a continuous income stream from recording royalties.
B
A company manufacturing cars.
C
A government administration collecting tax.
D
An artist creating a painting.
E
A worker working in a factory for a long period.
Açıklama:
It may seem that a continuous flow of income is unrealistic and has no place in the real world, but that is not true. For example, rock stars receive a continuous income stream from recording royalties. To give a more familiar example, we can think of oil companies that pump oil daily or night, which would mean a continuous stream of income as the oil is sold.

Soru 9

If a payment is not one time only for each year but is continuous, how do we calculate the present value?

Seçenekler

A
Making surplus equations.
B
Calculating the area under the curve.
C
Using the integral technique.
D
Using advanced trigonometry.
E
Recording yearly data for at least a decade.
Açıklama:
If apayment is not one time only for each year but is continuous, we can calculate the present value using the integral technique.

Soru 10

Since the producers’ surplus is between a specific area, which integral is most suitable in order to find it?

Seçenekler

A
The definite integral.
B
The antiderivative integral.
C
The slope integral.
D
The continuous interval
E
The trigonometric interval.
Açıklama:
Same as the consumers’ surplus, since the producers’ surplus is between a specific area, the definite integral is most suitable in order to find it.

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