EC201 Mock Exam 1.pdf - October 2020 Mock Exam EC201...

This preview shows page 1 - 2 out of 2 pages.

© LSE MT 2020/EC201 Page 1 of 2 October 2020 Mock Exam EC201 Microeconomic Principles 1 Suitable for 2020/21 syllabus only Instructions to candidates This paper contains ONE SECTION and has 75 marks. Section A contains THREE questions. Answer ALL questions (each carrying 25 marks). Candidates are advised not to spend a disproportionate amount of time on any one question. Expected Effort Reading Time: 15 minutes Writing Time: 45 minutes You are supplied with: No additional materials Calculators: Calculators are not expected to be used.
© LSE MT 2020/EC201 Page 2 of 2 Section A [Answer all THREE questions. If during this examination you feel you need to make additional assumptions in order to proceed, then please do so stating your assumptions clearly. ] Question 1 (a) Explain what is meant by the statement that preferences are non-satiated. [5 marks] (b) Zarak’s preferences satisfy all five assumptions of consumer theory. Is it possible for Zarak to have

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture