Econ 302- 6th Problem Set
Spring 2010-Ali Toossi
Due: Wednesday, March 10
All problem sets should be prepared neatly and professionally.
Problem sets should be
typed
,
stapled
and should contain the following information on the
right-hand corner
of the page:
your name
,
course number
,
section
,
assignment identification
and
date
.
Problem sets that are sloppy, torn from spiral-bound notebooks, or which are illegible,
or unstapled, will be graded down.
Please do the following problems in the textbook plus the additional problems.
Chapter 4: Questions for review
Eighth edition page 128:
Questions 3, 4, 5, 13, 16
Seventh edition page 127-128:
Questions 3, 4, 5, 13, 16
Chapter 4: Problems
Eighth edition pages 128-130:
Problems 1, 2, 3, 18,19
Seventh edition pages 128-129:
Problems 1, 2, 3, 18,19
additional problems
1-
Suppose Ambrose’s utility function is
y
x
y
x
U
+
=
4
)
,
(
. Suppose the price of
x
is
P
X
and the price of
y
is
P
Y
and his income is
m
.
a.