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Unformatted text preview: marginal change in pizza (one-unit change), and find how much pasta is lost as a result (subtract the two pasta numbers). To answer question 17, you must use the goal seek button on the PPC tab. Enter the value of pasta you want, and then enter the cell address I20. 2. Do questions 1-3 on the Util198 Excel file. Hints: The endpoints of the budget constraint represent the largest amount of a good you can buy. Divide income by the price of the good to find this answer. You will need to use the budget constraint equation to answer question 3. Extra Credit: If you answer the following questions from ppc98.xls I will give you one extra credit point per correct answer. Questions 5-7, 10-11 For question 11 you will need to use goalseek the way you used it in question 17....
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This note was uploaded on 04/03/2011 for the course ECO 2252 taught by Professor Edward during the Spring '08 term at Troy.
- Spring '08