ECON 481: DR. FUESS
Spring 2016, Homework Assignment #2
Due Date: March 3, 2016, 12:30 p.m.
Based on the material you have read in the textbook and the information transmitted in
class, answer the following questions. All answers must be well written ) in

Econ 481: Exam 1
1
1. LABOR DEMAND, PART 1
Presuming a 40-hour work week, consider the following information.
Units of
Units of
A. If the firm can sell its output at a price of $5 per
Labor
Output
unit, then how much labor will be hired at a weekly
0
0
wa

Econ 481: Exam 2
1
1. VARIOUS ASPECTS OF LABOR SUPPLY.
A. To consume one more hour of leisure suppose a person is willing and able to sacrifice
1 units of output. Suppose the hourly wage rate is $20. Suppose the price of output is $30.
Explain why the fol

ECON 481: DR. FUESS
Spring 2016, Homework Assignment #1
Due Date: February 9, 2016, 12:30 p.m.
Based on the material you have read in the textbook and the information transmitted in
class, answer the following questions. All answers must be well written )

ECON 481: DR. FUESS
Spring 2016, Homework Assignment #3
Due Date: April 14, 2016, 12:30 p.m.
Based on the material you have read in the textbook and the information transmitted in
class, answer the following questions. All answers must be well written ) i