ERRATA in Student Workbook

Click on the page number to see a mark up of the corrected page.

Page number	Correction
29	Answer to Study Problem 3a: “= $1,518,307 = price of the firm”
46	Study Problem 7: “An increase in the demand for electricity will cause a shortage…”
168	In the second line of Computer Problem 1, the text should read “(see pp. 148-9 of this Workbook).” Parts a and c should refer to data on page 149.
201	The first sentence of Homework Exercise 1 should read, “The following figure shows a firm’s marginal and average product curves for labor, the only variable input employed by the firm.” Also on page 201, the line above parts d, e, and f, should read: “When 36 workers are hired:”
260	Answer to Multiple Choice question 10 should be “d” (not “e”).
269	Essential Concept 6 d should read “(ATC > P > AVC)”.
321	Answer to Study Problem 2a should end with “(i.e., by moving from cell C to cell A).”
332	Belmont’s marginal cost function should be “MC = 1.25 + 0.0001 Q.”
333	In parts d and g, subscripts on MRs and Ps should be 1 and 2 (instead of A and B): MR1, MR2 and P1, P2.