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  • Assignment 5

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    Billy Elia Ongkowidjojo
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    This document outlines an economics assignment that is due on April 4, 2023. It contains 5 questions worth a total of 100 points. Late submissions will receive at least 60% of the total points as long as a file is submitted. Students must include their student IDs and names and submit the assignment as a single PDF file named "Assignment 5 + Group Leader's Name" through the NTU COOL system before 10:00 on the due date.

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    This document outlines an economics assignment that is due on April 4, 2023. It contains 5 questions worth a total of 100 points. Late submissions will receive at least 60% of the total points as long as a file is submitted. Students must include their student IDs and names and submit the assignment as a single PDF file named "Assignment 5 + Group Leader's Name" through the NTU COOL system before 10:00 on the due date.

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    © All Rights Reserved
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    9 views4 pages

    Assignment 5

    Uploaded by

    Billy Elia Ongkowidjojo
    This document outlines an economics assignment that is due on April 4, 2023. It contains 5 questions worth a total of 100 points. Late submissions will receive at least 60% of the total points as long as a file is submitted. Students must include their student IDs and names and submit the assignment as a single PDF file named "Assignment 5 + Group Leader's Name" through the NTU COOL system before 10:00 on the due date.

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    © All Rights Reserved
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    of 4

    Principle of Econ (2) Student ID

    111 Spring
    Assignment 5 Name
    Due Date: 2023/4/4

    There are 4 pages and 5 questions in this assignment. The total number of points possi‐
    ble is 100. Points above 100 are bonus points. Please submit your assignment before 10:00 on
    the due date on the NTU COOL. Your submission has to be one pdf file, and the file name
    should be “Assignment X + Group Leader’s Name”. No delay submissions are accepted, but
    as long as you submit an non‐empty file, you will at least get 60% of the total points. Please
    specify the whole group’s student IDs and names on the assignment.

    1. (10 points) Please define the following terms.


    (a) (5 points) Budget constraint

    (b) (5 points) Marginal rate of substitution


    Principle of Econ (2) Assignment 5 – Page 2 of 4 Due Date: 2023/4/4

    2. (15 points) Mankiw Chapter 21: Problems and Applications 2

    3. (24 points) Mankiw Chapter 21: Problems and Applications 3


    Principle of Econ (2) Assignment 5 – Page 3 of 4 Due Date: 2023/4/4

    4. (15 points) Mankiw Chapter 21: Problems and Applications 6

    5. (36 points) Mankiw Chapter 21: Problems and Applications 7


    Principle of Econ (2) Assignment 5 – Page 4 of 4 Due Date: 2023/4/4

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