Practice Exam Unknown - OEFENTOETS DEEL A: HOOFDSTUKKEN 1...

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OEFENTOETS DEEL A: HOOFDSTUKKEN 1 T/M 6 (VARIAN) Naam: Collegekaartnummer: Omcirkel de letter van het goede antwoord of van het meest waarschijnlijke antwoord. 1. If she spends all of her income on breadfruits and melons, Natalie can just afford 9 breadfruits and 10 melons per day. She could also use her entire budget to buy 3 breadfruits and 12 melons per day. The price of breadfruits is 8 yen each. How much is Natalie’s income per day? a. 313 yen b. 317 yen c. 309 yen d. 303 yen e. None of the above. 2. Harold lives on Doritos and seafood salads. The price of Doritos is 1 dollar per bag and the price of seafood salads is 2 dollars each. Harold allows himself to spend no more than 11 dollars a day on food. He also restricts his consumption to 6,500 calories per day. There are 1,500 calories in a bag of Doritos and 500 calories in a seafood salad. If he spends his entire money budget each day and consumes no more calories than his calorie limit, he can consume up to a. 3 bags of Doritos per day but no more. b. 1 bag of Doritos per day but no more. c. 4 seafood salads per day but no more. d. 4 bags of Doritos per day but no more. e. None of the above. 3. Clara spends her entire budget and consumes 5 units of x and 13 units of y . The price of x is twice the price of y . Her income doubles and the price of y doubles, but the price of x stays the same. If she continues to buy 13 units of y , what is the largest number of units of x that she can afford? a. 10 b. 5 c. 12 d. 14 e. There is not enough information to say. 4. Will spends his entire income on 8 sacks of acorns and 8 crates of butternuts. The price of acorns is 9 dollars per sack and his income is 88 dollars. He can just afford a commodity bundle with A sacks of acorns and B crates of butternuts that satisfies the budget equation a. 9 A + 4 B = 88. b. 18 A + 4 B = 176. c. 11 A + 2 B = 88. d. 9 A + 6 B = 90. e. None of the above.
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5. Suppose that the prices of good x and good y both double and income triples. On a graph where the budget line is drawn with x on the horizontal axis and y on the vertical axis, a. the budget line becomes steeper and shifts inward. b. the budget line becomes flatter and shifts outward. c. the budget line becomes flatter and shifts inward. d. the new budget line is parallel to the old budget line and lies below it. e. None of the above. 6. If you spent your entire income, you could afford either 3 units of x and 9 units of y or 9 units of x and 3 units of y . If you spent your entire income on x , how many units of x could you buy? a.
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This note was uploaded on 05/05/2010 for the course ECONMOICS ECON 203 taught by Professor Josephpetry during the Spring '10 term at University of Illinois, Urbana Champaign.

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Practice Exam Unknown - OEFENTOETS DEEL A: HOOFDSTUKKEN 1...

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