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mid1_s07 - MIDTERM 1 Economics 420K Microeconomic Theory...

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MIDTERM 1 Economics 420K Spring 2007 Microeconomic Theory Oettinger Instructions: 1. Please write your name in the top right corner of every page of the exam, including this cover sheet. 2. The exam should have 6 pages, not including this cover sheet. If your exam is missing pages, please raise your hand. 3. Be concise in your answers but, for problems requiring mathematical manipulations to reach the answer, SHOW ENOUGH WORK SO THAT WE CAN SEE HOW YOU REACHED YOUR ANSWER. Indicate slopes and intercepts on all graphs. 4. The exam has 4 main questions. Each of these questions has several parts, with the later parts building on the earlier ones. Even if you can’t do one of the earlier parts, you may still use the information given in an early part to help answer a later part. 5. You have 75 minutes to complete the exam. Use your time wisely. Don’t spend too much time on any one (sub)question. 6. Good luck!
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