Items in order will be sent via Express post as soon as they arrive in the warehouse. Order may come in multiple shipments, however you will only be charged a flat fee.Ģ-10 days after all items have arrived in the warehouse Providing valuable practical perspective, abundant examples and applications showcase the versatility of modern microeconomics.įive Cross-Chapter Analyses throughout the text create crucial links between core theories covered in separate chapters, combining Applications with Solved Problems to give students hands-on practice designed to sharpen their analytical and quantitative skills.Įconomic models are used to probe the likely outcomes of changes in public policies such as taxes, subsidies, barriers to entry, price floors and ceilings, quotas and tariffs, zoning, laws limiting diversification, pollution controls, licensing laws, and laws governing pensions.Items in order will be sent as soon as they arrive in the warehouse. Hundreds of examples and applications use real people, real companies, and real data to illustrate microeconomic theory. The end-of-chapter questions are arranged by subject headings, and many new and updated questions are added.īalanced Coverage of both Traditional and Modern Theories:Ĭore microeconomic theories consumer theory, theory of the firm, and perfect competition are covered thoroughly in the first half of the book, followed by a fully up-to-date, authoritative treatment of modern theories such as game theory,strategies, uncertainty, and moral hazard. Starting in this edition, every Solved Problem has at least one associated Question at the end of the chapter In addition, many other Solved Problems are new or substantially updated and revised. Solved Problems in this edition to 106 from 94 in the previous edition. In each chapter, Solved Problems provide students with a step-by-step model for working out both qualitative and quantitative problems.
All the Challenges and almost all the examples and Applications throughout the book are updated or new. At the end of the chapter, a Challenge Solution answers these questions using methods presented in that chapter. : Each chapter begins with a Challenge that presents information about an important, current real-world issue and concludes with a series of questions about that material.
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