Class Notes (836,591)
Canada (509,862)
ECON 208 (210)

Conference 1.doc

1 Page
Unlock Document

Economics (Arts)
ECON 208
Wendy Dickinson

Econ208: Conference Questions 1 1 University A's cafeteria has an `all-you-can-eat' option under which students pay a fixed charge of $500 per semester. University B charges $500 for a book of tickets that gives the students 250 kg. of food per semester. They pay extra to eat any more than this, and get a refund if they eat less. Where will average food consumption be higher? Why? (Assume all food is equally good (or bad!) within and between universities and all students have the same `appetites') 2. A group has chartered a bus to visit New York City. The driver costs $100, the bus costs $500 plus $75 for tolls. If the group cancels the trip it must still pay the $100 driver's fee and a non-refundable deposit of $50. At $18 per ticket, how many people must buy tickets so that the trip need not be cancelled? 3. Chapter 1, Exercise 9 (Text page 22) 4.
More Less

Related notes for ECON 208

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.