1001nmps1

1001nmps1 - ECON 1001 C/D/E/F/G/H/I- INTRODUCTION TO...

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ECON 1001 C/D/E/F/G/H/I- INTRODUCTION TO ECONOMICS I DR. DEMURGER, DR. LO AND DR. WAN PROBLEM SET #1 HARDCOPY SUBMISSION DEADLINE: 4PM, MONDAY, SEP 29, 2008 Instructions: This problem set consists of four essay-type questions. Note that we only take submission of problem sets in hardcopy. Answer all the questions on regular A4 paper(s) and clearly write down your full name, university number and sub-class. Marks will be deducted if you fail to write any of them! Please submit your completed problem set by dropping it off into Clifford’s or Jennifer’s mailboxes, which are located on 9/F of K.K. Leung Building before the deadline. Direction: when you reach 9/F by elevator, simply make a left turn and you will see their mailboxes on your left. All the instructors will not take submission in class. If you have any questions regarding this problem set, please contact Clifford on givencana@yahoo.ca or Jennifer on efshan@hkucc.hku.hk
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QUESTION 1 You and your friend Joe have identical tastes. At 2pm, you go to the local Ticket master outlet and buy a $30 ticket to a basketball game to be played that night in Syracuse, 50 miles north of your home in Ithaca. Joe plans to attend the same game, but because he cannot get to the Ticketmaster outlet, he plans to buy his ticket at the game. Tickets sold at the game costs only $25, because they carry
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1001nmps1 - ECON 1001 C/D/E/F/G/H/I- INTRODUCTION TO...

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