Econ 519: David Reiley
Due Monday, 7 August 2006

Problem Set #6

  1. Problem 16.1.
  2. Problem 16.2.
  3. Problem 16.5.
  4. Problem 16.6.
  5. Problem 16.9. The wording of this question is confusing in the text. To clarify, you are asked to verify Theorem 16.4 for these two cases, using a similar approach to the derivation of Theorem 16.3 in equations 9 through 12.
  6. Problem 16.11.
  7. Problem 17.1. (Note: the answer in the back of the book is wrong; it reverses the answers to (a) and (c).)
  8. Problem 17.2a. (Note: the answer in the back of the book is wrong; the correct answer is x=2, y=1, z=3.)
  9. Problem 17.4.
  10. Problem 17.5.
  11. Problem 17.6.
  12. Problem 17.7. There is a typo in this problem. I want you to use the demand curves in problem 17.6, not the demand curves in Example 17.3. If you do this, you should get the answer in the back of the book.
  13. Problem 17.11.