ECONOMICS 2150b-001 Intermediate Microeconomic Theory 2022

INTERMEDIATE MICROECONOMIC THOERY I
ECONOMICS 2150b-001
Department of Economics
Western University
ONLINE FINAL EXAM
I. Trela April 2020
WHEN: Monday, April 13, 9:00am (EDT time zone – same time zone as Western)
ALLOTTED TIME: 2.5 hours (9:00-11:30am, EDT time zone – same time zone as Western)
INSTRUCTIONS:
1. Your exam consists of 4 parts:
Part A: True/False Questions
Part B: True/False ‘Grouped’ Questions
Part C: Fill-in-the-blank Questions
Part D: Fill-in-the-blank ‘Grouped’ Questions
‘Grouped’ questions are a series of questions pertaining to a diagram or word statement.
The questions require either numerical, alphabetical or word answers. Each question is
worth 1 mark. The exam totals 43 marks.
2. Record your name and student number at the top of the ANSWER SHEET, which you
can find on page 2 of this exam question paper. By doing so, you will be acknowledging
the honour pledge.
3. RECORD ALL YOUR ANSWERS ON THE ANSWER SHEET.
3. When you have finished the exam, save PAGES 1, 2 and 3 of the answer sheet in a
separate file titled Ec2150b-001 Final Exam Answers (save either as a pdf or
word file).
4. Submit the saved answer sheet electronically to the Assignments Page of the course
OWL site under the assignment title ‘Ec2150b-001 Final Exam ANSWERS’. DO NOT
SUBMIT THE EXAM QUESTION PAPER; ONLY THE ANSWER SHEET
5. You are allotted 2.5 hours to work the exam AND submit your answer sheet
electronically. You will NOT be able to submit your answer sheet after the timed
deadline of 11:30 am EDT (time zone here at Western), and any answer sheets not
submitted within the timed deadline will receive a grade of zero for the exam (and
firmly enforced).

PAGE 1 of 3
Honour Pledge: I pledge that I will not give or receive any unauthorized help on this exam
(that all work will be my own) and I will exercise complete academic honesty by not sharing
anything from this exam with others who may be taking some version of it or engaging in any
form of cheating. I also acknowledge that any behavior contravening this pledge could result
in formal charges of an academic offence and penalties such as a zero on this exam, course
failure, and suspension or expulsion from the university.
NAME:
STUDENT #:
Ec2150b-001
Answer Sheet
(RECORD ALL YOUR ANSWERS ON PAGES 1, 2 AND 3 OF THIS ANSWER SHEET)
1. False
2.True
3. False
4. False
5. True
6.False
7. True
8. True
9. False
10. False
11.150-90/Y
12.603
13.75
14. B
15.400

PAGE 2 of 3
16. 7.714
17.C
18. A
19. 0.33
20.112
21. Complements
22. Substitutes
23. ordinary
24. Normal
25.0.03 (No need to put negative sign since it says absolute sigh)
26.0.05(this one also do not need to put the positive sign right?) Yes you are right
27.153
28.just as well off
29.30- P/15
30.50
31.1.37
32.16
33. 20
34. 32L
35. 16 + 4L
36. 22
37.40
38. 2

PAGE 3 of 3
39. 4
40.58
41. 116
42.6
43.168