test_102910_sol - Midterm 1:10-2:00pm Matt Turner You have...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
EC314-Fall 2010 Midterm 1:10-2:00pm, October 29, 2009 Matt Turner You have 50 minutes to complete this exam. Anyone still working on their exam after this time expires is subject to an automatic penalty of not less than 5 points. No notes or books are allowed, but you may use a calculator. All cell phones and pagers must be off. When you write up your answers, your goal should be to (1) be correct, and (2) convince your reader that your answer is correct. Answers which do not achieve these goals will not be awarded full credit. To accomplish the second objective, it is helpful if your work is legible and if all steps are presented, possibly with a line of explanation. Total points =100/ Share of total mark=35%. 1. (30) Let the stock of water in the aquifer at a given time be denoted by x ( t ) > 0 and suppose that water recharges the aquifer as a function of the stock level according to F ( x ) = 20 x ( 1 - x ) (a) What is the stock level that maximizes the recharge rate? (b) Suppose that pumping from the aquifer is equal to
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 11/04/2010 for the course ECO 314 taught by Professor Matthewturner during the Fall '08 term at University of Toronto.

Page1 / 5

test_102910_sol - Midterm 1:10-2:00pm Matt Turner You have...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online