ECN437Exam

ECN437Exam - Peter J. Wilcoxen Economics 437 The Maxwell...

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Peter J. Wilcoxen Economics 437 The Maxwell School Syracuse University Exam 1 Spring 2012 Instructions VERSION M 1. Write your SUID NUMBER on your bluebook and DO NOT write your name. 2. Write the EXAM VERSION from the box above on your bluebook. 3. Do not open the exam until you are told to do so. 4. Please turn off the ringer on your phone right now – before the exam begins. 5. If you are wearing a baseball cap, please remove it or turn it backward. 6. SHOW ALL YOUR WORK. Numerical answers without supporting work will receive little or no credit. 7. You have 80 minutes to work on the exam. There are 75 points possible; please budget your time accordingly. Also note that many of the questions have (a), (b), etc., inserted into the text to help you avoid overlooking part of the answer. 8. Collaboration of any kind on the exam is not allowed. Use of phones or other wireless devices at any time during the exam will be presumed to be collaboration – so don’t do it. Cheating of any kind will result in an F on the exam and referral of the case to the Dean’s office for further sanctions. 9. Calculators may not be shared. 10. Some handy formulas: Present Value: PV=B/(1+r) t PV=B/r Areas: Triangle = (bh)/2 Trapezoid= ((b 1 +b 2 )/2)h Question 1 (15 points) Suppose a small coastal city is concerned about damage from hurricanes. Currently, there
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ECN437Exam - Peter J. Wilcoxen Economics 437 The Maxwell...

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