This document contains instructions for a Microeconomics exam for a Master's degree program. It outlines 5 units that will be covered in the exam. For each unit, students must answer one compulsory question and can choose between two alternative questions. All questions are worth equal marks. The document provides sample questions for each unit, covering topics like consumer equilibrium, production functions, perfect competition, monopoly, oligopoly, distribution theory, and welfare economics. Students are directed to answer all 5 questions by choosing one from each unit, with detailed explanations required.