Instructor’s Manual Duncan n n n
M. Holthausen
n
North Carolina State University
n n n
Microeconomics
7th edition
Robert S. Pindyck
Daniel L. Rubinfeld
Prentice Hall
Upper Saddle River, New Jersey 07458
New York Boston San Francisco
London Toronto Sydney Tokyo Singapore Madrid
Mexico City Munich Paris Cape Town Hong Kong Montreal
www.elsolucionario.net
,This work is protected by United States copyright laws and is provided
solely for the use of instructors in teaching their courses and assessing
student learning. Dissemination or sale of any part of this work (including
on the World Wide Web) will destroy the integrity of the work and is not
permitted. The work and materials from it should never be made available
to students except by instructors using the accompanying text in their
classes. All recipients of this work are expected to abide by these
restrictions and to honor the intended pedagogical purposes and the needs
of other instructors who rely on these materials.
Editor-in-Chief: Eric Svendsen
Executive Editor: Chris Rogers
Editorial Project Manager: Susie Abraham
Production Editor: Suzanne DeWorken
Operations Specialist: Arnold Vila
Copyright © 2009 by Pearson Education, Inc., Upper Saddle River, New Jersey, 07458.
Pearson Prentice Hall. All rights reserved. Printed in the United States of America. This
publication is protected by Copyright and permission should be obtained from the
publisher prior to any prohibited reproduction, storage in a retrieval system, or
transmission in any form or by any means, electronic, mechanical, photocopying,
recording, or likewise. For information regarding permission(s), write to: Rights and
Permissions Department.
Pearson Prentice Hall™ is a trademark of Pearson Education, Inc.
Pearson® is a registered trademark of Pearson plc
Prentice Hall® is a registered trademark of Pearson Education, Inc.
Pearson Education Ltd., London Pearson Education North Asia, Ltd., Hong Kong
Pearson Education Singapore, Pte. Ltd Pearson Educación de Mexico, S.A. de C.V.
Pearson Education, Canada, Inc. Pearson Education Malaysia, Pte. Ltd
Pearson Education–Japan Pearson Education Upper Saddle River, New Jersey
Pearson Education Australia PTY, Limited
10 9 8 7 6 5 4 3 2 1
ISBN-13: 978-0-13-208025-5
ISBN-10: 0-13-208025-7
www.elsolucionario.net
,www.elsolucionario.net
, CONTENTS
P A R T 1: Introduction: Markets and Prices
Chapter 1 Preliminaries 1
Chapter 2 The Basics of Supply and Demand 6
P A R T 2: Producers, Consumers, and Competitive Markets
Chapter 3 Consum er Behavior 26
Chapter 4 Individual and Market Demand 49
Chapter 4 Appendix 69
Chapter 5 Uncertainty and Consum er Behavior 76
Chapter 6 Production 88
Chapter 7 The Cost of Production 99
Chapter 7 Appendix 115
Chapter 8 Profit Maximization and Competitive Supply 119
Chapter 9 The Analysis of Competitive Markets 137
P A R T 3: Market Structure and Competitive Strategy
Chapter 10 Market Power: Monopoly and Monopsony 158
Chapter 11 Pricing with Market Power 182
Chapter 11 Appendix 209
Chapter 12 Monopolistic Competition and Oligopoly 216
Chapter 13 Game Theory and Competitive Strategy 245
Chapter 14 Markets for Factor Inputs 262
Chapter 15 Investment, Time, and Capital Markets 274
P A R T 4: Information, Market Failure, and the Role of Government
Chapter 16 General Equilibrium and Economic Efficiency 289
Chapter 17 Markets with Asymmetric Information 303
Chapter 18 Externalities and Public Goods 315
www.elsolucionario.net
M. Holthausen
n
North Carolina State University
n n n
Microeconomics
7th edition
Robert S. Pindyck
Daniel L. Rubinfeld
Prentice Hall
Upper Saddle River, New Jersey 07458
New York Boston San Francisco
London Toronto Sydney Tokyo Singapore Madrid
Mexico City Munich Paris Cape Town Hong Kong Montreal
www.elsolucionario.net
,This work is protected by United States copyright laws and is provided
solely for the use of instructors in teaching their courses and assessing
student learning. Dissemination or sale of any part of this work (including
on the World Wide Web) will destroy the integrity of the work and is not
permitted. The work and materials from it should never be made available
to students except by instructors using the accompanying text in their
classes. All recipients of this work are expected to abide by these
restrictions and to honor the intended pedagogical purposes and the needs
of other instructors who rely on these materials.
Editor-in-Chief: Eric Svendsen
Executive Editor: Chris Rogers
Editorial Project Manager: Susie Abraham
Production Editor: Suzanne DeWorken
Operations Specialist: Arnold Vila
Copyright © 2009 by Pearson Education, Inc., Upper Saddle River, New Jersey, 07458.
Pearson Prentice Hall. All rights reserved. Printed in the United States of America. This
publication is protected by Copyright and permission should be obtained from the
publisher prior to any prohibited reproduction, storage in a retrieval system, or
transmission in any form or by any means, electronic, mechanical, photocopying,
recording, or likewise. For information regarding permission(s), write to: Rights and
Permissions Department.
Pearson Prentice Hall™ is a trademark of Pearson Education, Inc.
Pearson® is a registered trademark of Pearson plc
Prentice Hall® is a registered trademark of Pearson Education, Inc.
Pearson Education Ltd., London Pearson Education North Asia, Ltd., Hong Kong
Pearson Education Singapore, Pte. Ltd Pearson Educación de Mexico, S.A. de C.V.
Pearson Education, Canada, Inc. Pearson Education Malaysia, Pte. Ltd
Pearson Education–Japan Pearson Education Upper Saddle River, New Jersey
Pearson Education Australia PTY, Limited
10 9 8 7 6 5 4 3 2 1
ISBN-13: 978-0-13-208025-5
ISBN-10: 0-13-208025-7
www.elsolucionario.net
,www.elsolucionario.net
, CONTENTS
P A R T 1: Introduction: Markets and Prices
Chapter 1 Preliminaries 1
Chapter 2 The Basics of Supply and Demand 6
P A R T 2: Producers, Consumers, and Competitive Markets
Chapter 3 Consum er Behavior 26
Chapter 4 Individual and Market Demand 49
Chapter 4 Appendix 69
Chapter 5 Uncertainty and Consum er Behavior 76
Chapter 6 Production 88
Chapter 7 The Cost of Production 99
Chapter 7 Appendix 115
Chapter 8 Profit Maximization and Competitive Supply 119
Chapter 9 The Analysis of Competitive Markets 137
P A R T 3: Market Structure and Competitive Strategy
Chapter 10 Market Power: Monopoly and Monopsony 158
Chapter 11 Pricing with Market Power 182
Chapter 11 Appendix 209
Chapter 12 Monopolistic Competition and Oligopoly 216
Chapter 13 Game Theory and Competitive Strategy 245
Chapter 14 Markets for Factor Inputs 262
Chapter 15 Investment, Time, and Capital Markets 274
P A R T 4: Information, Market Failure, and the Role of Government
Chapter 16 General Equilibrium and Economic Efficiency 289
Chapter 17 Markets with Asymmetric Information 303
Chapter 18 Externalities and Public Goods 315
www.elsolucionario.net
