Homework should be turned in at the BEGINNING OF CLASS. All problem numbers refer to Tan's book, the required text for the course. You should write up solutions neatly to all problems, making sure to SHOW ALL YOUR WORK. A nonempty subset will be graded. You are strongly encouraged to work on these problems with other classmates, although the solutions you turn in should be your own work.
Problems: 2, 5, 9, 11(parts a,b,c), 12(parts a,b,c), 16
Note: Many of the computations in this section require the use of a calculator. If you have a graphing calculator, then you can do part (d) of problems 11 and 12 for extra credit. Be sure to interpret your graphs in real economic terms and lable your graphs carefully.
Problems: 3, 4, 11, 12, 18, 19, 22, 24, 27, 30
Problems: 3, 8, 11, 14, 21, 30, 31, 34