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Name ____________________________________
Spring 2007
Quiz 1
Student ID # _______________________________
1/25/07
The following quiz is worth a total of 2.5 points.
If your work is illegible or sloppy points will be
subtracted (.25 for marginally sloppy work, .5 for sloppy work, and 1 for unbearably sloppy work).
1.
Solve the following sets of equations for the equilibrium values of X and Y.
Show your work: answers without supporting work will not receive full credit.
a.
(.25 points) Y = X and Y = (1/2)X + 20
b.
(.25 points) Y = X + 10 and Y = 2X – 10
2.
Simplify the following expressions.
a.
(.25 points) X
3
Y
4
X
2
=
b.
(.25 points) Y
1/3
X
1/3
X
3
=
3.
Calculate a value for the following expressions. Show your work: answers
without supporting work will not receive full credit.
a.
(.25 points) 3
2
/3
4
=
b.
(.25 points) 5
2/3
5
1/3
5
1
=
4.
Complete the following table.
In the space below show your work for each
missing cell.
Year
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 Spring '07
 GOLD
 Economics, Macroeconomics

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