._Sonoma State UniversityDepartment of EconomicsECN 304Florence BouvetFall 2010Midterm 1Name (Please Print):~-;,1J4ER.I/.-..~Scores:Part I:__~/50Part II:_____:/50Total:/100Please Note:1.Succinct responses are strongly encouraged. Any erroneous or too muchirrelevant information will count against you. Therefore, you will not receivefull credit ifyou provide acomplete correct answer but also include erroneous ortoo much irrelevant information. No credit will be given toanswers that do notaddress the question.2.Show all your work. Make sure you show allequations used ineach calculation.Answers without supporting calculations will receive very little credit.3.For most questions, you are given a lot more space than you really need.When time iscalled, please stop work immediately.1
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