Intermediate Microeconomics and Its Application 12th Edition Nicholson Test Bank

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Product details:

• ISBN-10 ‏ : ‎ 1133189032
• ISBN-13 ‏ : ‎ 978-1133189039
• Author: Walter Nicholson; Christopher Snyder

NTERMEDIATE MICROECONOMICS AND ITS APPLICATION offers an exceptionally clear and concise introduction to the economics of markets. This proven text uses a managerial focus and includes relevant applications and strong examples as well as step-by-step video problems, an algebraic approach, and activities that allow you to learn by doing. Your purchase also includes online resources on CourseMate, including a complete eBook, step-by-step video problems, solutions to odd=numbered questions, and interactive quizzes.

1. Part 1: Introduction
2. Ch 1: Economic Models
3. 1-1 What is Microeconomics?
4. 1-2 A Few Basic Principles
5. 1-3 Uses of Microeconomics
6. 1-4 The Basic Supply-Demand Model
7. 1-5 How Economists Verify Theoretical Models
8. Summary
9. Review Questions
10. Problems
11. Appendix to Chapter 1 Mathematics Used in Microeconomics
12. Part 2: Demand
13. Ch 2: Utility and Choice
14. 2-1 Utility
15. 2-2 Assumptions about Preferences
16. 2-3 Voluntary Trades and Indifference Curves
17. 2-4 Indifference Curve Maps
18. 2-5 Illustrating Particular Preferences
19. 2-6 Utility Maximization: An Initial Survey
20. 2-7 Showing Utility Maximization on a Graph
21. 2-8 Using the Model of Choice
22. 2-9 Generalizations
23. Summary
24. Review Questions
25. Problems
26. Ch 3: Demand Curves
27. 3-1 Individual Demand Functions
28. 3-2 Changes in Income
29. 3-3 Changes in a Good’s Price
30. 3-4 An Application: The Lump-Sum Principle
31. 3-5 Changes in the Price of Another Good
32. 3-6 Individual Demand Curves
33. 3-7 Shifts in an Individual’s Demand Curve
34. 3-8 Two Numerical Examples
35. 3-9 Consumer Surplus
36. 3-10 Market Demand Curves
37. 3-11 Elasticity
38. 3-12 Price Elasticity of Demand
39. 3-13 Demand Curves and Price Elasticity
40. 3-14 Income Elasticity of Demand
41. 3-15 Cross-Price Elasticity of Demand
42. 3-16 Some Elasticity Estimates
43. Summary
44. Review Questions
45. Problems
46. Part 3: Uncertainty and Strategy
47. Ch 4: Uncertainty
48. 4-1 Probability and Expected Value
49. 4-2 Risk Aversion
50. 4-3 Methods for Reducing Risk and Uncertainty
51. 4-4 Pricing of Risk in Financial Assets
52. Summary
53. Review Questions
54. Problems
55. Appendix to Chapter 4 Two-State Model of Uncertainty
56. Ch 5: Game Theory
57. 5-1 Background
58. 5-2 Basic Concepts
59. 5-3 Equilibrium
60. 5-4 Illustrating Basic Concepts
61. 5-5 Multiple Equilibria
62. 5-6 Sequential Games
63. 5-7 Continuous Actions
64. 5-8 N-Player Games
65. 5-9 Incomplete Information
66. Summary
67. Review Questions
68. Problems
69. Part 4: Production, Costs, and Supply
70. Ch 6: Production
71. 6-1 Production Functions
72. 6-2 Marginal Product
73. 6-3 Isoquant Maps
74. 6-4 Returns to Scale
75. 6-5 Input Substitution
76. 6-6 Changes in Technology
77. 6-7 A Numerical Example of Production
78. Summary
79. Review Questions
80. Problems
81. Ch 7: Costs
82. 7-1 Basic Cost Concepts
83. 7-2 Cost-Minimizing Input Choice
84. 7-3 Cost Curves
85. 7-4 Distinction between the Short Run and the Long Run
86. 7-5 Per-Unit Short-Run Cost Curves
87. 7-6 Shifts in Cost Curves
88. 7-7 A Numerical Example
89. Summary
90. Review Questions

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