Econ212 Mid-Term 2
Multiple Choice (30 points total 5 points each) Identify the choice that best completes the statement or answers the question.
_ 1. Alberts utility function is U(c) = c1/2 ; his expected utility function is pc1/21 + (1 - p)c1/22, where
Name:
Econ 212 Mid-Term Exam
True/False (24 points total, 3 points each) Indicate whether the statement is true or false. _ 1. If there are two goods with positive prices and the price of one good is reduced, while income and other prices remain constant,
econ212 Practice midterm 2
Multiple Choice Identify the choice that best completes the statement or answers the question. _ 1. Sally Kink is an expected utility maximizer with utility function pu(c1) + (1 - p)u(c2), where for any
x < 1,000, u(x) = 2x, and
Econ 212 Quiz 4
True/False Indicate whether the statement is true or false. _ _ _ _ _ _ 1. The production set of a firm is the set of all products the firm can produce. 2. A production isoquant is a locus of combinations of inputs that are equally profita
econ 212 Quiz 3
1. True/False Indicate whether the statement is true or false AND EXPLAIN WHY BRIEFLY. _ 1. At the optimum, a consumers indifference curve must be tangent to her budget line.
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2. Max Gross has the utility function U(x, y) = maxcfw_x, y .
Econ 212 Practice Mid-Term Exam
True/False 16 points Indicate whether the statement is true or false. _ _ _ _ _ _ _ _ 1. If there are two goods and the prices of both goods rise, then the budget line must become steeper. 2. If there are two goods, if a co
Econ 212 Quiz # 2 30 minutes
1. Math Questions:
Find the value of x at which y is at its maximum value.
y = 4 x 2 2 x + 4
y =x
y = x3
Find the partial derivatives of y with respect to x and z.
y = 10 x ln z 4 xz 2
2. True/False
Indicate whether the statem
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Econ 212 Final Exam
Fall 2007
You are allowed access to three pages of notes and a calculator while completing the exam.
Multiple Choice (16 points total 2 points each) Identify the choice that best completes the statement or answers the question. _
Econ 212 Mid-Term Exam Answer Section
TRUE/FALSE 1. 2. 3. 4. 5. 6. 7. 8. ANS: ANS: ANS: ANS: ANS: ANS: ANS: ANS: F F F F F F T F
MULTIPLE CHOICE 9. 10. 11. 12. 13. 14. ANS: B ANS: D ANS: E ANS: A ANS : D ANS : A
PROBLEM 15. ANS:
(a)10x and 10y. 6 points i
Econ 212 Quiz # 1 30 minutes
1. Math Questions: Find the first and second derivatives of f(x) with respect to x. f ( x) = 7 x 3 + x
f ( x) = e x
Next let
f ( x) = 2 x + 4 g ( x) = ln x
Find the derivative of
h( x ) = f ( x ) g ( x ) z ( x) = f ( g ( x)
2.
Lecture 15
Mid-Term Fourth
Hour on Friday Chapter 15
Monetary Measures of Gains-toTrade
You
can buy as much gasoline as you wish at $1 per gallon once you enter the gasoline market. Q: What is the most you would pay to enter the market?
Monetary Measure
Econ 212 Practice Final Exam
True/False Indicate whether the statement is true or false. _ _ _ _ 1. If there are two goods and the prices of both goods rise, then the budget line must become steeper. 2. If someone has a utility function U = 2 mincfw_x, y
Exam # 2 - Solutions
April 13, 2015
Economics 212: Microeconomic Theory
Please show your work.
Please answer all questions clearly and concisely.
You may use a four function or scientific calculator.
You may not use any other electronic devices (e.g., g
Exam # 1 - Solutions
March 2, 2015
Economics 212: Microeconomic Theory
Please show your work.
Please answer all questions clearly and concisely.
You may use a four function or scientific calculator.
You may not use any other electronic devices (e.g., gr
Economics 212
Problem Set 3 - Solutions
C5 Choice
When you are writing up the problem set for submission, please use words and equations to explain how you arrived
at your answer. Your goal should be to provide a clear and concise argument for why your an
Economics 212
Problem Set 7 - Solutions
C19 Technology - C20 Profit Maximization
When you are writing up the problem set for submission, please use words and equations to explain how you arrived
at your answer. Your goal should be to provide a clear and c
Economics 212
Problem Set 4 - Solutions
C6 Demand - C7 Revealed Preference
When you are writing up the problem set for submission, please use words and equations to explain how you arrived
at your answer. Your goal should be to provide a clear and concise
Economics 212
Problem Set 2 - Solutions
C4 Utility
1. Suppose that every meal can be rated for its nutritiousness (N ) and its deliciousness (D). Annettas utility from
a meal is u = N + D. Kates utility from a meal is v = N D. Malias utility from a meal i
Economics 212
Problem Set 1 - Solutions
C2 Budget Constraint - C3 Preferences
When you are writing up the problem set for submission, please use words and equations to explain how you arrived
at your answer. Your goal should be to provide a clear and conc
Economics 212
Problem Set 6 - Solutions
C15 Market Demand - C16 Equilibrium
When you are writing up the problem set for submission, please use words and equations to explain how you arrived
at your answer. Your goal should be to provide a clear and concis
Economics 212
Problem Set 8 - Solutions
C21 Cost Minimization - C22 Cost Curves
When you are writing up the problem set for submission, please use words and equations to explain how you arrived
at your answer. Your goal should be to provide a clear and co
Economics 212
Problem Set 5 - Solutions
C8 Slutsky Equation - C9 Buying and Selling
1. Suppose that Phuongs preferences for apples, A, and bananas, B, can be represented by the utility function
u(A, B) = 2 log(A) + 3 log(B).
(a) Calculate Phuongs optimal
Econ 212 Practice Mid-Term Exam Answer Section
TRUE/FALSE 1. 2. 3. 4. 5. 6. 7. 8. ANS: ANS: ANS: ANS: ANS: ANS: ANS: ANS: F T F F F F T T
MULTIPLE CHOICE 11. 12. 13. 14. 15. 16. 17. 18. ANS: ANS: ANS: ANS: ANS: ANS: ANS: ANS: D C E B A D B E
PROBLEM 19. A
Practice Problem Set # 3
Textbook: Read the appendixes for Chapter 4 and 5 5.3 5.5 Workbook: 5.1 5.3 5.5 Additional problem: a. Consider a consumer whose utility function is U(x; y) = xy The consumer face prices for x and y of 2 and 4, respectively. The c
Mathematical Economics Lecture Notes, by Guoqian Tian
http:/econweb.tamu.edu/tian/ecmt660.pdf Please read the following sections: VI Comparative Statics and the Concept of Derivative (pp 41- 53) VII Rules of Differentiation and Their Use in Comparative St
Hypothetical Grade Distribution #2 For the second mid-term exam, the highest score is 110 and the median score is 86 and mean is 82. The grade distribution is adjusted for difficulty level. Please calculate your score as follows:
Grade A AB+ B BRange -
90