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Economic principles solutions to problem set 2 question 1 given the conditions, bob™s budget constraint is equal to: ˆ 2x 1 +2x 2 = 100 if x 1 10 (x 1 10)+2x 2 = 100 2 10 if x 1 10. This section provides a problem set on microeconomics, supply and demand, and elasticity. To: january 7, 2013 page: 1 economics 7360 problem set #1 1 consider the optimal commodity taxation model we used to derive the many person ramsey tax rule. Monetary economics problem set #6 monetary economics: problem set #6 solutions this problem set is marked out of 100 points the weight given to each part is indicated below. Economics 501 fall 2006 problem set 4 suggested solutions prof daniel problem set 4 suggested solutions 1 (a) new cigarettes mean an increase in the money supply.

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Economic problem set

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