Econ 11, Problem Set #1, 5 pts.

Prof. Fred Foldvary

(Marginal analysis, chapter 1)

due Wednesday, April 9

Problem set #3: Q#5, p. 16 bottom.

A company has invested $5 million in a product.
Expected sales are now $3 million.
It would cost $1 million to finish.
Should the company finish the project, and if so, up to how much should it pay to finish it?