Lecture 9 - 1 Reading today text Chapter 5 pp...

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Unformatted text preview: 10/4/2009 1 ¡ Reading today ¡ text Chapter 5 pp. 127-138 (121-131 5 th edition) ¡ Read the exam announcements and sample exam cover sheet at the course website Announcements Announcements the course website Announcements Announcements ¡ EXAM DATES: Oct 12 (Monday) First Midterm 8-10 PM Nov 9 (Monday) Second Midterm 8-10 PM Dec 14 (Monday) Third Midterm 8-10 PM ¡ No cell-phones at exams. ¡ Calculators must be simple non-complex-non-graphing types of calculators. You may not share calculators. ¡ Come on time and bring your photo student ID. Exam Announcements Exam Announcements ¡ Exam 1: Monday, October 12, 8-10pm in these rooms GSI Sections Room Kate Ambler 305, 308 1202 SEB Michael Gideon 310 1202 SEB Jiang Jiang 303, 304 1360 EH Dan Leeds 301, 311 1324 EH Eric Orhn 302, 309 1324 EH Exam Announcements Exam Announcements ¡ Exam 1: Monday, October 12, 8-10pm ¡ Pooled Office Hours: Sunday October 11 1-4pm AH AUD B MB ≥ p ⇒ consume more ¡ optimal consumption: MB = p MB < p ⇒ consume less Quantity Total Willingness to Pay Marginal Benefit Individual Demand Individual Demand Quantity < 2 Marginal Benefit > Price Quantity > 2 Marginal Benefit < Price 34 ¡ individual’s demand - compare MB and p...
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Lecture 9 - 1 Reading today text Chapter 5 pp...

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