Exams from Previous Semesters

# Spring 2018 Exam 2 Solution

Here are the final numerical results for each section of the exam. You can use them to check your work if you do the exam for practice.  If you have trouble with the problems, or don't get the answers shown here, stop by during office hours or make and appointment and we can go over them.

### Question 3

(a) Derivation omitted; demands are: Y = M/(h*P_x+P_y) and X=(h*M)/(h*P_x+P_y). Household B has PC preferences; h=3.

### Question 5

PVI=$168,000; C_0=$100,800; C_1=$84,000; saves$19,200; graph omitted.

URL: https://wilcoxen.maxwell.insightworks.com/pages/4677.html
Peter J Wilcoxen, The Maxwell School, Syracuse University
Revised 10/15/2018