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Midterm3TestBank

# Midterm3TestBank - ECON 410 Midterm 3 Sequence Number Last...

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Assorted Notes 1. For all problems, assume that it is possible to purchase fractional quantities of the goods. 2. For all problems, assume only non-negative quantities of the goods can be purchased. 3. Funny-looking answers don’t necessarily mean you did something wrong. In some cases, the answer is completely right. In other cases (for instance, if you find the optimal bundle has negative units of one of the goods), it might mean an interior solution does not exist. 4. Use only the information given to you in the problem statement. Square Root Table Square Root Table Square Root Table (Number on the left is the number. Number to its right is its square root.) 1 1.0 21 4.6 41 6.4 61 7.8 81 9.0 2 1.4 22 4.7 42 6.5 62 7.9 82 9.1 3 1.7 23 4.8 43 6.6 63 7.9 83 9.1 4 2.0 24 4.9 44 6.6 64 8.0 84 9.2 5 2.2 25 5.0 45 6.7 65 8.1 85 9.2 6 2.4 26 5.1 46 6.8 66 8.1 86 9.3 7 2.6 27 5.2 47 6.9 67 8.2 87 9.3 8 2.8 28 5.3 48 6.9 68 8.2 88 9.4 9 3.0 29 5.4 49 7.0 69 8.3 89 9.4 10 3.2 30 5.5 50 7.1 70 8.4 90 9.5 11 3.3 31 5.6 51 7.1 71 8.4 91 9.5 12 3.5 32 5.7 52 7.2 72 8.5 92 9.6 13 3.6 33 5.7 53 7.3 73 8.5 93 9.6 14 3.7 34 5.8 54 7.3 74 8.6 94 9.7 15 3.9 35 5.9 55 7.4 75 8.7 95 9.7 16 4.0 36 6.0 56 7.5 76 8.7 96 9.8 17 4.1 37 6.1 57 7.5 77 8.8 97 9.8 18 4.2 38 6.2 58 7.6 78 8.8 98 9.9 19 4.4 39 6.2 59 7.7 79 8.9 99 9.9 20 4.5 40 6.3 60 7.7 80 8.9 100 10.0
Multiple Choice (4 points each Multiple Choice (4 points each)

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Midterm3TestBank - ECON 410 Midterm 3 Sequence Number Last...

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