Solutions for EBK MODERN PRINCIPLES OF MICROECONOMICS
Browse All Chapters of This Textbook
Chapter 1 - The Big IdeasChapter 2 - The Power Of Trade And Comparative AdvantageChapter 3 - Supply And DemandChapter 4 - Equlllbrlum: How Supply And Demand Determine PriceChapter 5 - Elasticity And Its AppllcatlonsChapter 6 - Taxces And SubsidiesChapter 7 - The Price System: Signals, Speculation, And PredictionChapter 8 - Price Ceilings And FloorsChapter 9 - International TradeChapter 10 - Externalities: When The Price Is Not Right
Chapter 11 - Costs And Profit Maximization Under CompetitionChapter 12 - Competition And The Invisible HandChapter 13 - MonopolyChapter 14 - Price Discrimination And Pricing StrategyChapter 15 - Olligopoly And Game TheoryChapter 15.A - Nash EquilibriumChapter 16 - Competing For Monopoly: The Economics Of Network GoodsChapter 17 - Monopolistic Competition And AdvertisingChapter 18 - Labor MarketsChapter 19 - Public GoodsChapter 20 - Political Economy And Public ChoiceChapter 21 - Economics, Ethics, And Public PolleyChapter 22 - Managing IncentivesChapter 23 - Stock Markets And Personal FinanceChapter 24 - Asymmetric Information: Moral Hazard And Adverse SelectionChapter 25 - Consumer ChoiceChapter A - Reading Graphs And Making Graphs
Book Details
The title, Modern Principles, refers to a progressive approach to economic modeling and applications that allows for more realistic interpretation of today's world events. Mirroring the authors' successful blog, the text eschews boxed features to focus on
Sample Solutions for this Textbook
We offer sample solutions for EBK MODERN PRINCIPLES OF MICROECONOMICS homework problems. See examples below:
Explanation: The idea of opportunity cost in the enrollment of students in college explains the fact...Explanation: Drudgia has more knowledge. This is because in Drudgia, people are specialised in...Explanation: The production possibilities frontier of Mexico and United States is shown in Figure 1...Explanation: Demand and price are negatively related. Thus, when price of a good increases, the...Explanation: If the price in the market is above the equilibrium price, the quantity supplied is...Explanation: Fruit is more likely to be in-elastically demanding. This is because fruit as a whole...Explanation: The market is a structure where there are buyers and sellers who sell and the exchange...Explanation: Utility is the measure of satisfaction that the consumers receive from the consumption...Explanation: A free market eliminates shortage by letting the price rise. By this way, it tends to...
Explanation: By removing the trade barriers, Japanese consumers would be better off, whereas the...Explanation: At any price, Kazakhstan produces more flaxseeds than the United States, so it must be...Explanation: The price you pay for an iTunes download is private cost.Explanation: The price of waffles per box (4) is greater than the marginal cost (2) , therefore, the...Explanation: If low profit industry (L) and high profit industry (H) has similar cost, the price...Explanation: The market equation with ‘n’ number of firm is given as follows: QS=0.5n+0.1nP (1)...Explanation: Marginal revenue curve and profit maximizing level of price and quantity are shown in a...Explanation: In case A, part (I): Marginal revenue equation can be derived as follows: Marginal...Explanation: Case A: In case “A”, profit-maximizing quantity (PMQ) can be calculated as follows:...Explanation: The market is a structure where there are buyers and sellers who sell and the exchange...Explanation: The market is a structure where there are buyers who buy and sellers who sell, and the...Explanation: The market is a structure where there are buyers who buy and sellers who sell and the...Explanation: The market is a structure where there are buyers who buy and sellers who sell and there...Explanation: The market is a structure where there are buyers who buy and sellers who sell and there...Explanation: The market is a structure where there are buyers and sellers who sell and the exchange...Explanation: The demand comes from all the economic agents such as the households, firms as well as...Explanation: Apples, open-heart surgery, cable TV, farm-raised salmon and the Yosemite National Park...Explanation: From the list, foreign aid is the smallest fraction of the U.S. federal budget. On the...Explanation: The exploitation can be defined as, it is theaction of turning to account for selfish...Explanation: Militaries throughout the world give medals, citations, and other public honors to...Explanation: By the rule of 70, if one invests $3000 in a bank account and earns 2% real annual...Explanation: The market is a structure where there are buyers who buy and sellers who sell and there...Explanation: The market is a structure where there are buyers and sellers who sell and the exchange...Explanation: The person’s income is $100 and the person spends all the money to buy a meal, which...Explanation: Budget constraint equation: General budget constraint equation can be written as...Explanation: Graphs B and D have positive slopes. This is because in graph B, long-term unemployment...
More Editions of This Book
Corresponding editions of this textbook are also available below:
LAUNCHPAD-MOD PRIN MICROECON (6-MO) >IP
4th Edition
ISBN: 9781319108779
Modern Principles: Microeconomics
4th Edition
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4th Edition
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4th Edition
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4th Edition
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4th Edition
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4th Edition
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4th Edition
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4th Edition
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3rd Edition
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3rd Edition
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Modern Principles: Macroeconomics
3rd Edition
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3rd Edition
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Modern Principles: Macroeconomics
3rd Edition
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Loose-leaf Version for Modern Principles of Macroeconomics
3rd Edition
ISBN: 9781464110245
EBK MODERN PRINCIPLES OF MICROECONOMICS
3rd Edition
ISBN: 9781319111670
Loose-leaf Version for Modern Principles of Macroeconomics 3e & LaunchPad for Cowen's Modern Principles of Macroeconomics (6 month access)
3rd Edition
ISBN: 9781319034764
Modern Principles: Microeconomics
2nd Edition
ISBN: 9781429239998
Modern Principles
2nd Edition
ISBN: 9781464122309
MODERN PRINCIPLES MICROECON (LL) PKG
3rd Edition
ISBN: 9781319087920
Modern Principles: Microeconomics
3rd Edition
ISBN: 9781429278416
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3rd Edition
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3rd Edition
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3rd Edition
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Modern Principles of Microeconomics & LaunchPad (Six Month Access)
3rd Edition
ISBN: 9781319036058
Loose-leaf Version for Modern Principles of Microeconomics & LaunchPad (Six Month Access)
3rd Edition
ISBN: 9781319036065
Sapling Learning Single-Course Homework-Only for Principles of Microeconomics (Access Card)
3rd Edition
ISBN: 9781319080044
Loose-leaf Version For Modern Principles Of Microeconomics
3rd Edition
ISBN: 9781464110313
MOD.PRINCIPLES: MICROECONOMICS (LL) F/FD
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