midterm exam econ310 spring07

midterm exam econ310 spring07 - ECO 310 { Spring 2007...

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ECO 310 { Spring 2007 Microeconomic Theory { A Mathematical Approach Stephen Morris Midterm Examination Important instructions: 1. This is a closed-book examination. Put away your books, handouts, notes, calculators, palmtops, cellular phones, ::: now . 2. Print your name and your preceptor’s name clearly on the front cover of each answer booklet. Write your answers clearly. We won’t grade unreadable answers. 3. Answer each question in a separate booklet . 4. Write and sign the honor pledge { \I pledge my honor that I have not violated the honor code during this examination." { on the front cover of your answer booklet. 5. The examination is for 75 minutes. It will end promptly (among other reasons, because there is another exam immediately afterwards). Question 1: 45 minutes A consumer has indirect utility function U ( P x ;P y ;M ) = M 2 2 P x P y (i) What is the consumer’s Marshallian demand for good x ? (ii) What is the expenditure function?
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This test prep was uploaded on 04/07/2008 for the course ECO 310 taught by Professor Stephene.morris during the Fall '08 term at Princeton.

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midterm exam econ310 spring07 - ECO 310 { Spring 2007...

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