please answer

12:34 7 5GE - HW-Ch1.docx Homework Week 1 - Chapter 1 Answer ALL the following problems at the end of the chapter: Chapter 1 - Problem 2 (a,b,c) Chapter 1 - Problem 4 (a,b,e) The questions are in your Krugman textbook (4' edition) and write your answers in the following template that starts in page 2 of this word document. Most answers would require one line, please be specific and to the point. Do not exceed 3 lines per answer (font Arial 12 bold and blue). The idea is for you to work on the solution and verify your understanding. Notice that these are textbook problems and the answers to all these problems are available in course resources. I expect you to write your own answer rather than copy paste from those solutions. The latter would not really help your learning The grading rubric is in the course shell. Chapter 1 - Problem 2 (a,b,c) 2. Describe some of the opportunity costs when you decide to do the following a. Attend college instead of taking a job b. Watch a movie instead of studying for an exam C. Ride the bus instead of driving your car a b. c. Chapter 1 - Problem 4 (a,b,e) 4. Use the concept of opportunity cost to explain the following. a. More people choose to get graduate degrees when the job market is poor. b. More people choose to do their own home repairs when the economy is slow and hourly wages are down. c. There are more parks in suburban than in urban areas, d. Convenience stores, which have higher prices than supermarkets, cater to busy people e. Fewer students enroll in classes that meet before 10:00 A.M. a b. CE 2