ECON 110 Lecture Notes - Lecture 2: Demand Curve, Absolute Advantage, Economic Equilibrium

• School: Queen's University
• Department: Economics
• Course: ECON 110
• Professor: Ian James Cromb

Document Summary

2011/2012: due: by friday october 7, 2:00 pm. Completed assignments should be placed in the slot marked for your section in the white assignment collection box on the 2nd floor of dunning hall. Late assignments will not be accepted: use the cover page when submitting assignments, group work: maximum four per group, all students must be registered in the same section of the same course. Names must be in alphabetical order on the cover page: graded work will be available for pick-up beginning on the afternoon of friday october 21 in the econ. You will require your student card: this assignment covers material from chapters 1, 2, 33 (pgs 842-855), and 3 of the text. Explain why each of the following statements is true, false, or uncertain according to economic principles. The opportunity cost of going to toronto to see a show is the sum of the travel costs and the ticket to the show.