Microeconomics Theory and Applications with Calculus 4th Edition Perloff Test Bank
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Microeconomics Theory and Applications with Calculus 4th Edition Perloff Test Bank.
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Microeconomics Theory and Applications with Calculus 4th Edition Perloff Test Bank
Product details:
- ISBN-10 : 0134167384
- ISBN-13 : 978-0134167381
- Author: Jeffrey Perloff
Significantly revised and updated with new real-world examples, exercises, and applications, this Fourth Edition of Microeconomics: Theory and Applications with Calculus remains the premiere microeconomics text to marry formal theory with robust, thoroughly analyzed real-world problems.
Intended as an intermediate microeconomics text, Perloff introduces economic theory through a combination of calculus, algebra, and graphs. The text integrates estimated, real-world problems and applications, using a step-by-step approach to demonstrate how microeconomic theory can be applied to solve practical problems and policy issues. Compared to other similar texts, the author also places greater emphasis on using contemporary theories―such as game theory and contract theory―to analyze markets.
Table of contents:
- 1 Introduction
- 1.1 Microeconomics: The Allocation of Scarce Resources
- Trade-Offs
- Who Makes the Decisions
- How Prices Determine Allocations
- 1.2 Models
- Simplifications by Assumption
- Testing Theories
- Maximizing Subject to Constraints
- Positive Versus Normative
- 1.3 Uses of Microeconomic Models
- Summary
- 2 Supply and Demand
- 2.1 Demand
- The Demand Function
- A Change in a Product’s Price Causes a Movement Along the Demand Curve.
- A Change in Another Factor Causes the Demand Curve to Shift.
- Summing Demand Functions
- 2.2 Supply
- The Supply Function
- A Change in a Product’s Price Causes a Movement Along the Supply Curve.
- A Change in Another Factor Causes the Supply Curve to Shift.
- Summing Supply Functions
- How Government Import Policies Affect Supply Curves
- 2.3 Market Equilibrium
- Finding the Market Equilibrium
- Forces That Drive a Market to Equilibrium
- 2.4 Shocking the Equilibrium: Comparative Statics
- Comparative Statics with Discrete (Relatively Large) Changes
- Comparative Statics with Small Changes
- Solved Problem 2.1
- Why the Shapes of Demand and Supply Curves Matter
- 2.5 Elasticities
- Demand Elasticity
- Solved Problem 2.2
- Elasticities Along the Demand Curve.
- Solved Problem 2.3
- Other Demand Elasticities.
- Supply Elasticity
- Solved Problem 2.4
- Long Run Versus Short Run
- Demand Elasticities over Time.
- Supply Elasticities over Time.
- Solved Problem 2.5
- 2.6 Effects of a Sales Tax
- Equilibrium Effects of a Specific Tax
- The Same Equilibrium No Matter Who Is Taxed
- Who Pays the Tax?
- Solved Problem 2.6
- The Similar Effects of Ad Valorem and Specific Taxes
- 2.7 Quantity Supplied Need Not Equal Quantity Demanded
- Price Ceiling
- Price Floor
- 2.8 When to Use the Supply-and-Demand Model
…
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Microeconomics Theory and Applications with Calculus 4th Edition Perloff Solutions Manual