Browse All Chapters of This Textbook
Chapter 1 - Limits Alternates And ChoicesChapter 1.2 - The Production Possibilities CurveChapter 1.A - Graphs And Their MeaningChapter 2 - The Market System And Circular FlowChapter 2.2 - The Circular Flow DiagramChapter 3 - Demand, Supply, And Market EquilibriumChapter 3.6 - Equilibrium Price And QuantityChapter 3.A - Additional Examples Of Supply And DemandChapter 4 - Market Failures : Public Goods And ExternalitiesChapter 4.A - Information Failures
Chapter 5 - Goverrments Role And Government FailureChapter 5.A - Public Choice Theory And Voting ParadoxesChapter 6 - ElasticityChapter 7 - Utility MaximizationChapter 7.1 - Total And Marginal UtilityChapter 7.A - Indifference Curve AnalysisChapter 8 - Behavioral EconomicsChapter 9 - Businesses And Tile Costs Of ProductionChapter 9.2 - The Law Of Diminishing ReturnsChapter 9.5 - The Relationship Of The Marginal-Cost Curve To The Average-Total-Cost And Average-Variable Cost CurvesChapter 9.8 - The Long-Run Average-Total-Cost Curve: Unlimited Number Of Plant SizesChapter 10 - Pure Competition In The Short RunChapter 10.3 - Short-Run Profit Maximization For A Purely Competitive FirmChapter 10.6 - The P = Mc Rule And The Competitive Firm’s Short-Run Supply CurveChapter 11 - Pure Competition In The Long RunChapter 11.6 - Long-Run Equilibrium: A Competitive Firm And MarketChapter 12 - Pure MonopolyChapter 12.4 - Profit Maximization By A Pure MonopolistChapter 13 - Monopolistic CompetitionChapter 13.1 - A Monopolistically Competitive Firm: Short Run And Long RunChapter 14 - Olipology And Strategic BehaviourChapter 14.2 - The Kinked-Demand CurveChapter 15 - Technology, R&d, And EfficiencyChapter 16 - The Demand Of ResourcesChapter 17 - Wage DeterminationChapter 17.3 - Labor Supply And Labor Demand In (a) A Purely Competitive Labor Market And (b) A Single Competitive FirmChapter 17.A - Labor Unions And Their ImpactsChapter 18 - Rent, Interest And ProfitChapter 19 - Natural Resources And Energy EconomicsChapter 20 - Public Finance: Expenditure And TaxesChapter 21 - Antitrust Policy And RegulationChapter 22 - Agriculture Economics And PolicyChapter 23 - Income Inequality, Poverty, And DiscriminatioChapter 24 - Health CareChapter 25 - ImmigrationChapter 26 - Lnternational TradeChapter 26.2 - Trading Possibilities Lines And The Gains From TradeChapter 27 - The Balance Of Payments, Exchange Rates, And Trade DeficitsChapter 27.1 - The Market For Foreign Currency (Pounds)Chapter 27.A - Previous International Exchange-Rate SystemsChapter 28 - The Economics Of Developing Countries
Book Details
McConnell/Brue/Flynn has long set the standard for providing high-quality content to instructors and students alike. Known for versatility, comprehensiveness, and persistent innovation, it has remained one of the most trusted and reliable choices for principles of economics courses. The 21st edition continues to benefit from author Sean Flynn's influence with new discussions on strategic behavior, game theory, unconventional monetary policy and interest rate normalization. A robust set of content designed to facilitate classroom engagement through peer instruction has been developed to align with the learning objectives in the text. New innovations like interactive graphs and videos combine with SmartBook's adaptive reading experience and even more algorithmic and graphing assessment content in Connect to help students succeed in the course. McConnell/Brue/Flynn is expertly tailored to support a variety of course formats, institutions, and students. Its depth of content and breadth of resources continue to be unparalleled in the introductory market.
Sample Solutions for this Textbook
We offer sample solutions for Microeconomics homework problems. See examples below:
Explanation: Since the opportunity cost is the next best alternatives, it is the given up benefit in...Explanation: The consumption bundle of two goods can be calculated by using the following formula....Explanation: The market system is a system, which allows private ownership of the capital and its...Explanation: The production technique is the allotment and arrangement of the economic resources as...Explanation: The production technique is the allotment and arrangement of the economic resources as...Explanation: The law of demand states that when other things being equal, if the price decreases, it...Explanation: When the price is $8, the total quantity demanded can be calculated as follows: Total...Explanation: When the supply decreases with constant demand curve, it will lead to a decrease in the...Explanation: Market failure can be caused by Externality and Market Power. Externality is when one...
Explanation: Figure -1 illustrates the market equilibrium that is arrived at equilibrium between the...Explanation: When the government is allowed to coerce in the economy during some situations, it will...Explanation: Bribing takes place when the individuals corrupts an official and make him favorable...Chapter 6, Problem 1DQExplanation: In scenario D1, Lorena’s income is $50,000 per year and movies cost $9 each. In...The total utility can be calculated by adding up the marginal utilities and the marginal utility can...Explanation: Here, the individual desires and enjoys to be committed to the stupid things which...Explanation: Explicit costs are the payments made to the resources in order to attract the resource...Explanation: Total cost (TC) can be obtained by using the following formula. Total cost=Total fixed...Explanation: A hometown supermarket is an oligopoly market because supermarkets are few in the...Explanation: Table -1 shows the data for the purely competitive producer Table -1 QuantityAverage...Explanation: During a short run, the industry will have a precise number of companies. All of these...Explanation: We could possibly say that the mentioned statement is true. There is pure monopoly...Explanation: Monopolistic competition and pure competition are different types of market structures....Explanation: The four-firm concentration ratio helps to identify the extent of the market share...Explanation: An oligopoly is a limited competition market. It may exist because of various reasons....Explanation: Technological advances can be broadly defined as any changes in the technology used in...Explanation: The total cost can be calculated by adding all the fixed as well as the variable costs...Explanation: Households own the scarce resources which is their source of income. The resource...Explanation: Option (a): First person can produce 5 units. The price of the first unit is $50 which...Explanation: In general, the wage level in the developed country is higher than the other country....Explanation: The total labor cost can be calculated by using the following formula. Total labor...Explanation: In everyday life, the term rent is used to explain the payment that is made for the...Explanation: Current earning per worker is $60,000. She would prefer to become an entrepreneur...The Malthusian theory of human reproduction is that it is a living standard. It is based on food...Explanation: The total cost of catching 30 tons of fish by ‘ER’ can be calculated as follows: Total...Explanation: The construction of school forces the government to boost is expenses in the market by...The Gross income can be calculated as follows. Gross Income = Wages + Investment + Gifts = $50,000+...Explanation: In order to achieve efficiency, the government promotes competition in a market...Explanation: Due to the inelastic nature of the demand for the agricultural products, the shift in...Explanation: Table -1 shows the distribution of US income by households in 2008: Table -1 Personal...Table -1 shows the median and average family wealth and survey years from 1995-2010. Table – 1...Figure 1 illustrates the Lorenz curve. In Figure 1, the horizontal axis measures the percentage of...Explanation: Rising expenditures on goods such as household appliances or education are considered...Explanation: The preventive health care measures are those medical precautionary measures which help...Explanation: Option (a): Between years 2000 and 2009, there were approximately 1 million legal...Explanation: International trade is the trading relationship between nations without borders. The...Explanation: The comparative advantage is the advantage that the country has over the competitor in...Explanation: International transactions take place mainly when there are exchanges of goods and...Explanation: The balance of payment is the account of the export earnings of the country and the...Explanation: The exchange rate is the rate at which one currency is exchanged with another currency....Explanation: The World Bank is the International Financial Institution which provides loans for all...
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