midterm exam eco 310 fall 07

midterm exam eco 310 fall 07 - ECO 310, Fall 2007 Midterm...

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ECO 310, Fall 2007 Midterm Examination October 25 Important instructions (a) This is a closed-book examination. Put away your books, handouts, notes, calculators, palmtops, cellular phones, ... now . (b) 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. (c) Answer each question in a separate booklet . (d) 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. (e) The examination is for 75 minutes. It will end promptly . 1
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Question 1 [50 points] If necessary, you may use log 2 0 . 69, log 3 1 . 10, log 4 1 . 39, log 5 1 . 61, log 6 1 . 79, and log(1 + z ) z when z is close to 0. Consider the following quasi-linear utility function: U ( x, y ) = log( x +1)+ y. (a)
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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 eco 310 fall 07 - ECO 310, Fall 2007 Midterm...

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