UNIVERSITY OF WISCONSIN Economics 101 – Spring 2008 Problem Set 3 Due on February 18 at noon (Notice: most of the material in this problem set will be covered during this week’s lectures. So, you may want to wait until your discussions to start doing it.) Please be sure to include (1) your name, (2) your teaching assistant’s name, and (3) your section time on your answers. Please staple pages together. Also note that late homework will not be accepted. Remember that you can help each other but each student has to hand a hand-written solution of the problem set. F you hand back your problem set to your TA’s mailbox, it is absolutely prohibited to look at problem sets that have already been placed there. This practice will be considered a form of cheating and will be dealt with accordingly. 1. Ben has $100 per month in income, which he can spend on two goods: beef and chicken. Beef costs $5 per pound and chicken cost $1 per pound. i)
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This note was uploaded on 08/08/2008 for the course ECON 101 taught by Professor Hansen during the Spring '07 term at University of Wisconsin.