Name: Bundle: Microeconomic Theory: Basic Principles and Extensions, 12th + MindTap Economics, 1 term (6 months) Printed Access Card
Author: NICHOLSON, Walter, Snyder, Christopher M.
ISBN: 9781337198202

Chapter 2 - Mathematics For Microeconomics Chapter 3 - Preferences And Utility Chapter 4 - Utility Maximization And Choice Chapter 5 - Income And Substitution Effects Chapter 6 - Demand Relationships Among Goods Chapter 7 - Uncertainty Chapter 8 - Game Theory Chapter 9 - Production Functions Chapter 10 - Cost Functions Chapter 11 - Profit Maximization

Chapter 12 - The Partial Equilibrium Competitive Model Chapter 13 - General Equilibrium And Welfare Chapter 14 - Monopoly Chapter 15 - Imperfect Competition Chapter 16 - Labor Markets Chapter 17 - Capital And Time Chapter 18 - Asymmetric Information Chapter 19 - Externalities And Public Goods

Sample Solutions for this Textbook

We offer sample solutions for Bundle: Microeconomic Theory: Basic Principles and Extensions, 12th + MindTap Economics, 1 term (6 months) Printed Access Card homework problems. See examples below:

Given information: The function, f(x,y)=4x2+3y2 Since, f(x,y)=4x2+3y2 Partially differentiate with...The utility function is linear. This means that the goods x and y are perfect substitutes. For...Given utility, U = tsBudget constraint,...If both goods are substitute goods, the utility function will be in the following form: U=αx+βy...Given: Utility function: U(m,s) = m.s m denotes goat’s milk and s denotes strudel. Lagrange...Given the even money placed on bulls = $100,000 The current wealth = $1,000,000 Let the probability...In a two-player game, (s1*,s2*) is Nash equilibrium, if s1* and s2* are mutual best responses...Since q = 40,000 has been produced with 5× 2 = 10 units of capital and 5× 1 = 5 unit of labor....Given: Total cost: TC=0.1q2+10q+50MC=dTCdqMC=0.2q+10 Here, Price=$20TR=P×qTR=20q Area of land J...

First find MC from TC function and then equate MC with P. C(q) =...Px is the price of product x. Py is the price of product y. There are two products x and y. The...Inverse demand curve, P = 53 – QMR = 53 - 2Q .... (twice the slope) Now, MR = MC53 - 2Q = 5Q =...Demand curve, Q=150−P and costs is 0 . Therefore, profits are, π=PQ =(150−P)P =150P−P2...Total number of working hours = 8000 Wage per hour = $5 Total income annually : =8000×5=$40000...Given utility function: U(c1,c2) Budget constraint : W = c1+c21+r The above equations are put in...Given the utility function, Utility= w-100 If a shareholder’s share is 50% of the gross profit with...Chapter 19, Problem 19.1P