ECON1110_HW1

ECON1110_HW1 - Introductory Microeconomics ECON 1110...

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Introductory Microeconomics – ECON 1110 Homework Assignment #1 CHANGED This homework assignment is due at the start of class on Tuesday, Sept 16.  You are  permitted to work in small groups, but you must submit your individual answers.  Please  be neat, or else you may not receive full credit.  On any graphs you must correctly label  all axis with the appropriate units of measure. 1. Toby loves to fish, and he is extremely good at it.  He lives along the banks of a  good salmon river.  If Toby spends all of his time fishing he can catch 10 fish per  day.  Toby also lives near wild apple trees.  If Toby spends all of his time  searching for apples he can collect 20 apples per day.  Toby can obtain fish or  apples in any linear combination between these two extreme amounts of fish and  apples. Candice loves to pick apples, but she lives in the desert.  If she spends all of her 
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This note was uploaded on 03/27/2009 for the course ECON 1110 taught by Professor Wissink during the Fall '06 term at Cornell.

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ECON1110_HW1 - Introductory Microeconomics ECON 1110...

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