Economics 311

These problems are due at the beginning of class on Wednesday, September 13. You will probably want to do them on paper in order to make the equations easy, but electronic submissions are also acceptable. Send them as an email attachment (.doc, .docx, .rtf, or .pdf).

Answer the following questions from Studenmund's 7th edition textbook:

  • Chapter 1, Exercise 5
  • Chapter 1, Exercise 7
  • Chapter 2, Exercise 3
  • Chapter 2, Exercise 7 (parts a through c only; we'll do d and e in class)