Solution Manual for Intermediate Microeconomics 1st Edition Robert Mochrie 113700844X 9781137008442

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This innovative textbook contains everything students need to know on an intermediate microeconomics course. Combining classic theory and models with the latest developments, it gently guides learners through the topics and helps them to become increasingly independent. Mathematical understanding is a crucial part of mastering the subject, but can be tricky to obtain. Consequently, numerical tools and engaging exercises are expertly woven into the broader, conceptual discussion of economic theory.

Language: English
ISBN-10: 113700844X
ISBN-13: 978-1137008442
ISBN-13: 9781137008442

Author: Robert Mochrie

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Test Bank for Intermediate Microeconomics 1st Edition Robert Mochrie 113700844X 9781137008442

Table of content:

PART I: MARKETS IN CONTEXT.
1. Key principles.
2. Perfect markets.
PART II: RESOURCE ALLOCATION FOR PEOPLE.
3. The budget set.
4. Preferences.
5. Utility functions.
6. The most-preferred, affordable bundle.
7. Demand functions.
8. Price changes.
9. The CES utility function.
PART III: RESOURCE ALLOCATION FOR FIRMS.
10. Production.
11. Cost functions.
12. Costs and planning.
13. Firm supply in perfect competition.
14. Equilibrium in perfect competition.
PART IV: MARKET POWER.
15. Monopoly.
16. Price discrimination.
17. Oligopoly.
18. Game theory: concepts.
19. Game theory: applications.
PART V: WELFARE.
20. Exchange.
21. Production and distribution.
22. Externalities.
23. Public goods.
PART VI: BEHAVIOUR.
24. Personal choice.
25. Inter-temporal choice.
26. Choice and risk.
27. Rationality and behaviour.
PART VII: APPLYING GAME THEORY.
28. Games with imperfect information.
29. Product differentiation.
30. Auctions.
31. Afterword.

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