In: Business and Management

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Massachusetts Institute of Technology
Department of Economics
14.01 Principles of Microeconomics
Final Exam
Wednesday, December 19th, 2007
Last Name (Please print):


First Name:


MIT ID Number:


Instructions. Please read carefully.
The exam has a total of 100 points. Answers should be as concise as possible. This is a closed book exam. You are not allowed to use notes, equation sheets, books or any other aids. You are not allowed to use calculators. You must write your answers in the space provided between questions. DO NOT attach additional sheets of paper. This exam consists of (18) sheets (13 pages + 5 blank pages for scratch work).
0. Circle Your Section/Recitation (1 point):
Please circle the section or recitation which you are attending below. The marked exam will be returned to you, in the section or recitation that you indicate. You will loose 1 point if you leave it unselected.
S01: MWF9

(Peter Schnabl)

R01: F10

(Rongzhu Ke)

S02: MWF10

(Chia-Hui Chen)

R02: F11

(Rongzhu Ke)

S03: MWF11

(Chia-Hui Chen)

R03: F2

(Rongzhu Ke)

S04: MWF1

(Monica Martinez-Bravo)

R04: F12

(Marco Migueis)

R05: F1

(Marco Migueis)

R06: F2

(Marco Migueis)

Question 1 __/25

Question 2 __/5

Question 3 __/25

Question 4 __/25

Question 5 __/19

Question 0 _/1

Total __/100

Cite as: William Wheaton, Chia-Hui Chen, Rongzhu Ke, Monica Martinez-Bravo, Marco Migueis, Peter Schnabl, and Hongliang Zhang, course materials for 14.01 Principles of Microeconomics, Fall 2007. MIT OpenCourseWare
(http://ocw.mit.edu/), Massachusetts Institute of Technology. Downloaded on [DD Month YYYY].

Page 2 of 7

1. True/False Questions (TOTAL: 20 points):
In this section, write whether each statement is…...

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