Principles of Economics (12th Edition)12th EditionKarl E. Case, Ray C. Fair, Sharon E. Oster Publisher: PEARSONISBN: 9780134078779
Principles of Economics (12th Edition)
Solutions for Principles of Economics (12th Edition)
Browse All Chapters of This Textbook
Chapter 1 - The Scope And Method Of EconomicsChapter 1.A - How To Read And Understand GraphsChapter 2 - The Economic Problem: Scarcity And ChoiceChapter 3 - Demand, Supply And Market EquilibriumChapter 4 - Demand And Supply ApplicationsChapter 5 - ElasticityChapter 6 - Household Behavior And Consumer ChoiceChapter 6.A - Indifference CurvesChapter 7 - The Production Process: The Behavior Of Profitmaximizing FirmChapter 7.A - Isoquants And Isocosts
Chapter 8 - Short-run Costs And Output DecisionsChapter 9 - Long-run Costs And Output DecisionsChapter 9.A - AppendixChapter 10 - Input Demand: The Labor And Land MarketsChapter 11 - Input Demand: The Capital Market And The Investment DecisionChapter 11.A - AppendixChapter 12 - General Equilibrium And The Efficiency Of Perfect CopetitionChapter 13 - Monopoly And Antitrust PolicyChapter 14 - OligopolyChapter 15 - Monopolistic CompetitionChapter 16 - Externalities, Public Goods, And Common ResourcesChapter 17 - Uncertainty And Asymmetric InformationChapter 18 - Income Distribution And PovertyChapter 19 - Public Finance: The Economics Of TaxationChapter 20 - Introduction To MacroeconomicsChapter 21 - Measuring National Output And National IncomeChapter 22 - Unemployment, Inlation And Long-run GrowthChapter 23 - Aggregate Expenditure And Equilibrium OutputChapter 24 - The Government And Fiscal PolicyChapter 24.A - AppendixChapter 25 - Money, The Federal Reserve And The Interest RateChapter 25.A - AppendixChapter 26 - The Determinantion Of Aggregate Output, The Price Level And The Interest RateChapter 27 - Policy Efects And Copst Shocks In The As/ad ModelChapter 28 - The Labor Market In The MactoeconomyChapter 29 - Financial Crises, Stabilization And DeficitsChapter 30 - Households And Firm Behavior In The Macto Economy: A Further LookChapter 31 - Long-run GrowthChapter 32 - Alternative Views In MacroeconomicsChapter 33 - International Trade, Comparative Advantage And ProtectinismChapter 34 - Open Economy Macroeconomics: The Balance Of Payments And Exchange RatesChapter 34.A - AppendixChapter 35 - Economics Growth In Developing EconomicsChapter 36 - Critical Thinking About Research
Book Details
An Introduction to the Functioning of the Economy and the Power and Breadth of Economics.
Reviewers tell us that Case/Fair/Oster is one of the all-time bestselling Principles of Economics texts because they trust it to be clear, thorough, and complete. Readers of Principles of Economics, Twelfth Edition come away with a basic understanding of how market economies function, an appreciation for the things they do well, and a sense of things they do poorly. With the latest research and added exercises, readers begin to learn the art and science of economic thinking and start to look at some policy and even personal decisions in a different way.
Sample Solutions for this Textbook
We offer sample solutions for Principles of Economics (12th Edition) homework problems. See examples below:
The decision regarding the allocation of time involves many trade-off situations. Thus, the...The opportunity cost of going home is lost the time that can be used for other purposes like...The best examples of entrepreneurs in the tech industry are Bill Gates, Paul Allen with Microsoft...Figure 1 illustrates the market equilibrium. Figure 1 shows the demand and supply curves for the...The general formula to calculate slope is given below: Slope=Present valuey variable−Previous valuey...Maximum unit of good Y (0 unit of good X is purchased) that a person can purchase with the given...The given information: The quantity is 20,000 units, the price is $15, and the labor cost is...The fixed cost includes the monthly payments and the insurance cost as they are incurred even when...Option ‘a’: A firm which earns a profit in the short run may not necessarily increase its scale of...
Demand and supply of labor are determined by many factors. The demand could be increased due to an...Life guard training and certification from the Red Cross is regarded as the intangible human...The effect of changes in price of oil along with subsidy on the price of corn is depicted in Figure...The fact that Person V has the only 7-Eleven convenience store in the town does not mean this...The market for (a) Motorcycles, (b) Cruise lines and (d) Firearms can be classified as oligopolies...The restaurant industry is a club of many firms serving varieties of foods. Each one tries to...Chapter 16, Problem 1.1PThe current salary of the individual is $115,600 per year, which gives a utility of 340. Since the...Unemployment compensation received from the government can be considered as the transfer payments....The average tax rate can be calculated by using formula as follows: Average tax rate=Taxrate(Total...Inflation is defined as a situation in which the general price level of the economy rises...Double counting is the phenomenon which occurs when the price of an intermediate commodity is...Typically, the recession can be defined as the declining aggregate output in two consecutive...Option (a): MPC is the marginal propensity to consume which represents that portion of change in...Saving is that part of annual disposable income which is used by a consumer to be spent for future...The world war was a deeply impacted war between the axis powers and the allied forces. The war leads...Figure 1 shows the shift in the supply curve of labor force. In Figure 1, the vertical axis measures...When the tax is imposed by the government on an economy, it will reduce the disposable income of the...This policy helps to matches employees with job vacancies. Therefore it is beneficial to reduce the...Asia experienced stock markets crash in 1997, as a result, Hong Kong’s was down nearly 30 percent,...If the Federal Reserve System rises the interest rates, then the borrowing of items become more...The growth rate in real GDP can be calculated using the following formula: Growth rate in real...Using the aggregate demand-supply model, the likely effects of the major tax cut when the economy is...The production possibility frontier for country Latvia is given in figure 1 as follows: From figure...The US government cutting tax rate is an expansionary fiscal policy. When the exchange rates are...There are many people suffering a lot in the situation of extreme poverty. Growth by itself is not...A selection bias occurs in a study when the sample used is not random. In a study of 5,000 office...
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Principles Of Economics, 8e
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Principles of Economics
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Principles Of Economics, Student Value Edition Plus Myeconlab With Pearson Etext -- Access Card Package (11th Edition)
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13th Edition
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