Tackle the Test: Free-Response Questions

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  1. Question

    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
    Refer to the table provided. Assume you have $20 to spend.

    Rubric for FRQ 1 (6 points)

    image

    1 point: Graph with “Quantity of snacks” and “Quantity of drinks” as axis labels

    1 point: Straight budget line with intercepts at 5 snacks and 0 drinks and at 0 snacks and 10 drinks

    1 point: MU = 7 utils

    1 point: MU/P = 3.5 utils per dollar

    1 point: Total utility is maximized when the marginal utility per dollar is equal for all goods.

    1 point: 6 drinks, 2 snacks

  2. Question

    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
    Assume you have an income of $100. The price of good X is $5, and the price of good Y is $20.