100A Mid2A SP06 - Microeconomics, ECO 100A, Spring 2006,...

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Microeconomics, ECO 100A, Spring 2006, Dr. Famulari Midterm 2A: 250 points total Question 1: 55 points Question 2: 30 points Question 3: 70 points Question 4: 55 points Question 5: 40 points Total: 250 points
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Microeconomics, ECO 100A, Spring 2006, Dr. Famulari Midterm 2A: 250 points total You must show your work to get credit for your answers . Name_______________________________________Student ID_________________________ Question 1 (55 points): Matt gets utility from bread and cheese. Matt ALWAYS eats 2 slices of bread (B) with one slice of cheese (C). Extra cheese without more bread is of no value to Matt, just as more bread is of no value without the cheese. Matt maximizes his utility from cheese and bread subject to a budget constraint. 1A. (10 points) What type of utility function represents Matt’s preferences(give me a name here)? Also, write down an expression for Matt’s utility. 1B.
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100A Mid2A SP06 - Microeconomics, ECO 100A, Spring 2006,...

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