March 2, 2004
You have 75 minutes to answer the following questions. Each of the first five questions is
worth 15 points. The five remaining questions are worth 5 points apiece. There is one
bonus question at the end worth
Solutions to Midterm Exam
Q1. (15 pts) Answer True or False. You dont have to give an explanation.
(a) Someone with decreasing marginal utility of wealth is risk-loving.
False. A utility function with decreasing marginal utilit
Short Answers to Exercises
A Short Course in Intermediate Microeconomics with Calculus
Solutions to Exercises Short Ansers1
Roberto Serrano and Allan M. Feldman
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The purpose of this set of (mostly) short answers is to provide a