Homework_3_Answer_Key - Econ 342 Homework #3 McLeod Due in...

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Econ 342 Homework #3 McLeod Due in class Wednesday, April 8. Name (please print or type)_____________________________________ Instructions: Please Read Carefully Please print out this form. There should be five separate sheets of paper. There is a total of 4 problems. Please answer each problem completely. After you have written your answers, please staple the five sheets together at the top left-hand corner. The first sheet is intended only as a cover sheet. Do not write anything on the first sheet except your name. There are 100 possible points on this homework assignment. You may work together, but you MUST WRITE UP YOUR OWN WORK and TURN IT IN, IN PERSON, AT THE BEGINNING OF CLASS on Wednesday, April 8. PLEASE STAPLE YOUR HOMEWORK!!
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1. (30 points) Suppose a restaurant sells two goods, cheeseburgers and French fries. The restaurant uses a mixed bundling pricing scheme which is as follows: A consumer can buy a cheeseburger for $2, an order of French fries for $1.50, or they can purchase a combo which includes one cheeseburger and one order of French fries for a price of $3. For each consumer, indicate whether the consumer would purchase a) only the
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This note was uploaded on 01/27/2010 for the course ECON 342 taught by Professor Mcleod during the Spring '09 term at Pennsylvania State University, University Park.

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Homework_3_Answer_Key - Econ 342 Homework #3 McLeod Due in...

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