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Errata Sheet for Microeconomic Theory: Basic Principles and ...

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Errata Sheet for. Microeconomic Theory: Basic Principles and Extensions 11 th. Edition. Page Error. 79. Parts b and c of problem 2.12 should read: b. Multiply the  ...
Errata Sheet for Microeconomic Theory: Basic Principles and Extensions 11th Edition

Page

Error

79

Parts b and c of problem 2.12 should read: b. Multiply the first first-order condition by dx1 da and the second first order condition by dx2 da . c. Now sum the two equations from part b – this shows how the x’s must change as a changes while requiring that the first order conditions continue to hold.

519

Sentence at end of Example 14.6 should read p2 = 10.5 .

588

Equation 16.29 should read l ( w, n) = ...

602

Problem 16.2 should refer to Example 16.1.

606

Budget constraint should be W0 = c1 − w1 (1 − h1 ) + c2 − w2 (1 − h2 ) .

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