Problem Set #3

Problem Set #3 - 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 #3 HARDCOPY SUBMISSION DEADLINE: 4PM, MONDAY, DEC 01, 2008 Instructions: This problem set consists of three short-answer 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 this time 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 or Jennifer on
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- - Question 1: You own and operate a dry cleaning business. You are the only dry cleaning service in the area and your goal is to maximize profit. You have 8 potential customers per day, each with a reservation price to clean his/her suit as shown below. The cost of cleaning
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This note was uploaded on 04/18/2011 for the course ECON 1001 taught by Professor S.c during the Spring '10 term at HKU.

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Problem Set #3 - ECON 1001 C/D/E/F/G/H/I- INTRODUCTION TO...

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