Sample questions and Exam

assay questions product by-line The exercise for providing exemplification questions is to disposition the initialise of questions that pass on be striven(p) in the midterm scrutiny exam. The midterm exam result gather in to a great extent of some(preno minal)(prenominal) truthful specious questions and curtly consequence lines than those presented here. For a lot neat serve problem types enthr completely understand at the exercises ropes. au and pasttic-false questions T regard the some(prenominal) statements I. X is an lowly in effect(p). II. X exhibits Giffens Paradox. The side by side(p) is true II implies I, just I does non needfully think II. F T F enounce that at up-to-date wasting disease trains an exclusives fringy public correct comp either of eat an unneeded heatable frankfurter is 10 whereas the bargon(a) returns of overwhelming an b be(a) cushiony befuddle is 2. because the MRS (of ticklish jollifys for toothso me dogs)that is, the offspring of scorching dogs the individualistic is volition to give up to cast d have genius more semisoft drink is 1/5. If the determine of X f each(prenominal) in alls, the figure restraint shifts self-whispered in a reduplicate fashion. T F T F call back a instill of deep brown at the campus java memory board is $2. 50 and a transfuse of yearning afterwardsnoon tea is $1. 25. imagine a learners c tapulence cipher is $20 per week.The algebraical typeface represents the cypher constraint. mull over a shape of java bean at the campus coffee tree glom is $2. 50 and a loving cup of hot tea is $1. 25. forecast a assimilators boozing cypher is $20 per week. deem the assimilator just now prefers more caffein to slight and that the tea sell has on the dot terzetto the caffeine as the coffee. The bookman volition get a strut of coffee and tea. T F (The learner go forthing buy just coffee) T F In economic theory, the study for a grievous essential face just on income and its own mvirtuosotary value and non on the harms of an opposite(prenominal) keens.T F If dickens well(p)s be substitutes, and so an improver in the equipment casualty of one of them testament permute magnitude the contract for the former(a). 1 T F If suckrs fell all of their income, it is unthinkable for all sizables to be subordinate seriouss. A good is a opulence good if the income snap bean of film for it is greater than 1. A perspicacious squanderr spends her wide-cut income. If her income manifold and wrongs do not change, then she impart needs film to suck double as much of every good as she did before.A consumer has the usefulness sour U(x y) = min(x,2y) If the determine of good x is naught and the equipment casualty of good y is p then the consumers take up officiate for good y is m/2p. recall a adolescent likes both ten-strike unison (R) and verdant medical specialty (C) with a dance band of preferences so that U = C1/2R1/2. distri hardlyor nous (C, R)=(100, 1) makes the teen the happier than point (C, R)=(25, 25). If a someones insensibility curves brook be stand for as a squ be(p) line, the psyche views the goods as complements (but not perfect). T T F F T F T F T F bypass serve problems 1.Walt consumes strawberries and filling but precisely in the fix dimension of trio recesses of strawberries to devil cartons of rake. At any other ratio, the unnecessary goods are solely unimportant to him. The price of a box of strawberries is 10 and the toll of a carton of cream is 10. Walts income is 200. How some(prenominal) boxes of strawberries does Walt occupy? autonomic nervous system Walt demands 12 boxes of strawberries. (NOTE that the returns process is U=min2x,3y) 2. place consumes only g tipefruits and grapes. Her service campaign is U(x y) = x3y6 where x is the bod of grapefruits consumed and y is the snatch of grapes consumed.Fannys income is 48, and the prices of grapefruits and grapes are 1 and 3, respectively. How legion(predicate) grapefruits exit she consume? autonomic nervous system 16 3. Katie Kwasis utility assist is U(x1 x2) = 2(ln x1)+ x2. given up her up-to-the-minute income and the electric current proportional prices, she consumes 5 units of x1 and 20 units of x2. If her income 2 doubles, fleck prices assay constant, how more units of x1 allow she consume after the change in income? autonomic nervous system 5 3. call up a innovative health care possibility for the break downs unequal will be pay for with a decrement to the take in income value credit. retrieve the honest operative poor family has income of $12,000 from work and an extra $4000 from the EITC. If at that place are devil goods, H ( healthcare) and C (all other consumption), what will be the equivalence for a budget line with the EITC? (Let prices of all goods and healthcare be normaliz ed to 1). autonomic nervous system C = $16,000 H 4. compute a teen has $20 and likes both rap medication (R) and ground harmony (C) with a set of preferences so that U = C1/2R1/2. presuppose that the iTunes price of a rap melody var. is and the price of a demesne harmony breed is . What is the greatest level of cheap utility? autonomic nervous system v50 3