Exercise Instructions

Here are some general guidelines:

• The problem sets are to be done on your own.
• Formatting:
  • Typing your responses would be appreciated, but if formatting the diagrams and equations will mean an unreasonable amount of time commitment on your part, this is not necessary (although, keep in mind that this is a useful skill to learn). If you do not type your answers, I expect them to be legible and very neat; remember, anything that is illegible is, by definition, unable to be marked.
  • Use ONLY ONE SIDE OF PAPER.
  • MAKE YOUR DIAGRAMS BIG ENOUGH that I'm not hunting around with a magnifying glass trying to find points for you.
  • STAPLE your pages, if necessary.

• Use diagrams and refer to them, as appropriate. Make sure you label and explain them appropriately.
• When possible, I would like you to use complete sentences and good writing to explain your answers.
• As in the "homework guidelines" suggested on the Purplemath© site, I would like to see clearly how you derived your answers.
• Please be sure to distinguish between “price” of a good and the “costs” of producing it (i.e., price¹cost).

Let me know if you have any questions.