p2 fa09 makeup -...

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//home/vdimitrov/25148/986bef58f4afc0286a4a1a875951d21327e092c4.doc Econ 1110 - Wissink - F09 – November 6, 2009 PRELIM #2 – MAKEUP EXAM --------------------------------------------------------------------------------------------------------------- INSTRUCTIONS: There are two sections in this exam: Part I: 20 multiple choice questions (3.5 points each) o CIRCLE CORRECT ANSWER ON MULTIPLE CHOICE ANSWER SHEET Part II: 2 problems (15 points each) o ANSWER IN THE SPACE PROVIDED ON THE TEST ANSWER ALL QUESTIONS. TOTAL POINTS = 100 TOTAL TIME = 90 minutes + 10 grace minutes, so 100 total minutes MAX HINTS: Read all questions carefully. Write legibly and remember to label all graphs and axes in diagrams. RULES DURING EXAM: NO QUESTIONS CAN BE ASKED DURING THE EXAM: If you need to use the restroom, quietly bring your exam papers up to the TA proctoring and they will hold your materials while you are out at the restroom. ONLY SIMPLE HAND HELD ORDINARY CALCULATORS ARE ALLOWED AT EXAMINATIONS. No cell phones, I-Touch/Tunes devices, or similar devices with graphing and/or web browsing, text reading capabilities or "apps" are allowed at exams. NO BOOKS. NO NOTES. NO HELP SHEETS. NO TALKING TO EACH OTHER. GOOD LUCK 1
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//home/vdimitrov/25148/986bef58f4afc0286a4a1a875951d21327e092c4.doc Econ 1110 - Wissink - F09 – November 6, 2009 - PRELIM #2 MAKEUP YOUR NAME: _________________________________ Your C.U. Netid: _____________________ YOUR C.U. STUDENT NUMBER: ____________________________ YOUR TA’s NAME : ____Romita (Tuesdays pm) ____Xinli (Thursdays am to pm) ____Roland (Wednesdays am) ____Freeha (Fridays am) ____Wei (Wednesdays am) MC=________ Prob 1=__________ Prob 2=________ TOT=_________ 2
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//home/vdimitrov/25148/986bef58f4afc0286a4a1a875951d21327e092c4.doc Part I: Multiple Choice - Circle the best answer. Do them ALL. 1 . Dina consumes only pizza and soda. If the price of pizza and soda both double and so does Dina's money income, we can deduce that Dina's budget constraint will A. shift out but remain parallel to the old one. B. swivel in so that the slope of the budget constraint is doubled. C. shift in but remain parallel to the old one. D. swivel out so that the slope of the budget constraint is halved. E. remain unchanged. 2 . Geert lives in Amsterdam and has nicely behaved preferences over bike frames and bike tires. His indifference curve map between these two goods is most likely A. made up of linear indifference curves. B. made up of “L” shaped indifference curves. C. made up of indifference curves that bow “out” away from the origin. D. made up of indifference curves that are positively sloped. E. made up of indifferences curves that cross each other. 3
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p2 fa09 makeup -...

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