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Cyberproblems
- Find the price of your favorite movie (in DVD format) at Reel.com (ignore shipping and handling). Find the price of a bouquet of roses at FTD.com (also ignoring shipping and handling). (a) Assume you have $200 to spend and these are the only two goods available. Graph your budget constraint and explain how you constructed it. (b) Now assume you have $300 to spend. Draw your new budget constraint. (c) Next assume the price of roses falls by $10 (and income is $200). Draw the new budget constraint.
- About FSP-Introduction is a web page about the Food Stamp Program sponsored by the United States Department of Agriculture. Compute how much monthly food stamps a 4-person household with $1100 in net monthly income is entitled to, assuming all other eligibility criteria are met.
- Review the theory of consumer choice at Joseph Daniels' oo...Micro!
site. Click on Contents and find consumer theory. Warning: you will need a
Java-enabled browser to view the animated
graphics on this site. Also, much of the content is designed for
intermediate microeconomics students, so do not be concerned if you do
not understand all of the material.
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