中级微观经济学试题2.docVIP

Intermediate Microeconomics Mid-term Test 2005 (B) Name: Student No.: Class: No. 1 2 3 4 5 6 7 8 9 10 Answer No. 11 12 13 14 15 16 17 18 19 20 Answer No. 21 22 23 24 25 26 27 28 29 30 Answer Section 1 True or false.（20 points, 2 points each） 1. Alices utility function is U(x, y) = x2y. Steves utility function is U(x, y) = x2y + 2x. Alice and Steve have the same preferences since Steves utility function is a monotonic transformation of Alices. 2. A consumer who can borrow and lend at the same interest rate should prefer an endowment with a higher present v