Microeconomics13th EditionRoger A. Arnold Publisher: Cengage LearningISBN: 9781337617406
Microeconomics
Browse All Chapters of This Textbook
Chapter 1 - What Economics Is AboutChapter 1.2 - A Definition Of EconomicsChapter 1.3 - Key Concepts In EconomicsChapter 1.4 - Ceteris Paribus And TheoryChapter A - Working With DiagramsChapter 2 - Production Possibilities Frontier FrameworkChapter 2.1 - The Production Possibilities FrontierChapter 3 - Supply And Demand: TheoryChapter 3.1 - What Is DemandChapter 3.2 - Supply
Chapter 3.3 - The Market: Putting Supply And Demand TogetherChapter 4 - Prices: Free, Controlled, And RelativeChapter 4.1 - PriceChapter 4.2 - Price ControlsChapter 4.3 - Two Prices: Absolute And RelativeChapter 5 - Supply, Demand, And Price: ApplicationsChapter 5.1 - Application 1: U-haul Rate And DemandChapter 5.2 - Application 2: Subsidizing The Consumption Of Anything Can Raise Its PriceChapter 5.3 - Application 3: 10 A. M. Classes In CollegeChapter 5.4 - Application 4: Why Do Colleges Use Gdps, Acts, And Sats, For Purpose Of AdmissionChapter 5.5 - Application 5: Why Is Medical Care So Expensive?Chapter 5.6 - Spplication 6: Do You Pay For Good WeatherChapter 5.7 - Application 7: The Price Of An Aisle SeatChapter 5.8 - Application 8: College SuperathletsChapter 5.9 - Application 9: Easier To Obtain Loans And Higher Housing PricesChapter 5.10 - Application 10: Speculators, Price Variability, And PatternsChapter 5.11 - Application 11: Supply And Demand On A FreewayChapter 5.12 - Application 12: Are Renters Better Off?Chapter 6 - ElasticityChapter 6.1 - Elasticity: Part 1Chapter 6.2 - Elasticity: Part 2Chapter 6.4 - The Relationship Between Taxes And ElasticityChapter 7 - Consumer Choice: Maximizing Utility And Behavioral EconomicsChapter 7.1 - Utility TheoryChapter 7.2 - Consumer Equilibrium And DemandChapter 7.3 - Behavioral EconomicsChapter C - Budget Constraint And Indifference Curve AnalysisChapter 8 - Production And CostsChapter 8.2 - Two Sides To Every Business FirmChapter 8.3 - ProductionChapter 8.4 - Costs Of Production: Total, Average, MarginalChapter 8.5 - Production And Costs In The Long RunChapter 9 - Perfect CompetitionChapter 9.1 - The Theory Of Perfect CompetitionChapter 9.2 - Perfect Competition In The Short RunChapter 9.3 - Perfect Competition In The Long RunChapter 9.4 - Topics For Analysis In The Theory Of Perfect CompetitionChapter 10 - MonopolyChapter 10.1 - The Theory Of MonopolyChapter 10.3 - Perfect Competition And MonopolyChapter 10.5 - Price DiscriminationChapter 11 - Monopolistic Competition, Oligopoly, And Game TheoryChapter 11.1 - The Theory Of Monopolistic CompetitionChapter 11.3 - Price And Output Under Cartel TheoryChapter 12 - Government And Product Markets: Antitrust And RegulationChapter 12.1 - AntitrustChapter 12.2 - RegulationChapter 13 - Factor Markets: With Emphasis On The Labor MarketChapter 13.1 - Factor MarketChapter 13.2 - The Labor MarketChapter 14 - Wages, Unions, And LaborChapter 14.2 - Practices Of Labor UnionsChapter 14.3 - Effects Of Labor UnionsChapter 15 - The Distribution Of Income And PovertyChapter 15.1 - Some Facts About Income DistributionChapter 15.2 - Measuring Income EqualityChapter 15.3 - Why Income Inequality ExistsChapter 15.4 - PovertyChapter 16 - Interest, Rent, And ProfitChapter 16.1 - InterestChapter 16.2 - RentChapter 16.4 - The EntrepreneurChapter 17 - Market Failure: Externalities, Public Goods, And Asymmetric InformationChapter 17.1 - ExternaliesChapter 17.2 - Internalizing ExternalitiesChapter 17.3 - Environmental PolicyChapter 17.4 - Publig Goods: Excludable And Non ExcludableChapter 17.5 - Asymmetric InformationChapter 18 - Public Choice And Special Interet Group PoliticsChapter 18.3 - Voters And Rational IgnoranceChapter 18.4 - More About VotingChapter 18.6 - Constitutional EconomicsChapter 19 - Building Theories To Explain Eveday Life: From Observations To Questions To Theories To PredictionsChapter 19.3 - Observation/thought 1: The Birthrates In Various Countries Are DifferentChapter 19.6 - Observation/thought 4: Criminals Are Not RationalChapter 19.10 - Observation/thought 8: People Who Give To Others Often Complain That They End Up Giving Too MuchChapter 20 - International TradeChapter 20.1 - International Trade TheoryChapter 20.2 - Trade RestictionsChapter 21 - International FinanceChapter 21.2 - Flexible Exchange RateChapter 21.3 - Fixed Exchange Rate
Sample Solutions for this Textbook
We offer sample solutions for Microeconomics homework problems. See examples below:
The United States is a rich country since there are abundance of goods and services that are...The relationship between hot dogs and hot dog buns is that both are complementary goods. The goods...A war taken place in the US soil leads to reduction in capital stock, potential resources and also...The statement, “demand refers to the willingness of buyers to purchase different quantities of a...If the demand rises and supply is constant, the equilibrium price and equilibrium quantity would...The given statement is false. The need for a rationing device arises due to the scarcity of...When the lending rates are low and the interest rates are also lower it implies that loans or...The demand elasticity of a commodity can be identified through the variations in the total revenue...The total utility is the overall satisfaction accrued by a consumer from all the units of a...
Since the income is $4,000 and price of good X is $50, the quantity of good X can be calculated as...The market coordination is an impersonal, which is like an individuals are guided to do X instead of...Technically, the statement the “firm’s entire marginal cost curve is its short-run supply curve”,...Both the productive and allocative efficiencies can only be seen in the perfectly competitive...The common criterion in all the four firms’ market structure based on the pricing decision is that...Robinson–Patman Act is one of the provisions, which constitutes the U.S. antitrust policy that is...Derived demand is the demand for the factors of production that depend on the demand for the good...The total wage bill is equal to the wage rate, which is multiplied by the number of labor hours...According to the U.S. Bureau of Census, the income distribution of the U.S. household during 2015 is...Generally, majority of the people greatly prefers the present consumption to the future consumption....The present value (PV) can be calculated using the formula given below: PV=∑An(1+i)n (1) Here An is...When the marginal external cost (MEC) is zero, the marginal social cost (MSC) is equal to the...The median voter model refers to a two-person contest where the endeavor of political candidates...Predictions are a stepping stone of believing or not believing a theory because sometimes people...Most probably, the world’s position in the production possibility frontier is below the frontier....Suppose a person, who is in Mexico needs to buy the product of U.S. but the Mexican has pesos,...
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