TESTgBANK
Intermediate Microeconomics g
NINTHg EDITION
TEST BANKg
Intermediate Microecon g
omics
NINTHg EDITION
Hal R. Varian
g g
Theodore C. Bergstromg g g
James E. Westg g
Wg•gWg•gNORTONg&gCOMPANYg•gNEWgYORKg•gLONDON
,W.gW.gNortong&gCompanyghasgbeengindependentgsincegitsgfoundingging1923,gwhengWilliam gWardergNortong
andgMarygD.gHertergNortongfirstgpublishedglecturesgdeliveredgatgthegPeople’s gInstitute,gthegadultgeducation
gdivision gofgNewgYork gCity’s gCooper gUnion.gThegfirm gsoongexpanded gits gprogram gbeyond gthegInstitute, gpubl
ishinggbooksgbygcelebratedgacademics gfromgAmericagandgabroad.gBygmidcentury,gthegtwogmajorgpillarsgofg
Norton’sgpublishinggprogram—tradegbooksgandgcollegegtexts—
weregfirmlygestablished.gIngtheg1950s,gthegNortongfamilygtransferredgcontrolgofgthegcompanygtogitsgemploy
ees,gandgtoday—
withgagstaffgofgfourghundredgandgagcomparablegnumbergofgtrade,gcollege,gandgprofessional gtitlesgpublished
geachgyear—
W.gW.gNortong&gCompanyg stands g asg theg largestg andg oldestg publishingg houseg ownedg whollyg byg itsg emplo
yees.
Copyrightg©g2014gbygW.gW.gNortong&gCompany,gIn
c.gAllgrightsgreserved.
PrintedgingthegUnitedgStatesgofgAmerica.g
ISBNg978-0-393-93675-9
W.gW.gNortong&gCompany,gInc.
500gFifthgAvenue,gNewgYork,gN.Y.g10110-
0017gwwnorton.com
W.gW.gNortong&gCompanygLtd.
CastlegHouse,g75/76gWellsgStreet,gLondongW1Tg3QT
g1 g2 g3 g4 g5 g6 g7 g8 g9 g0
,CONTENTS
Preface vii
PartgI TestgBank
Chapterg2g gBudgetgConstraint 3
Chapterg3g gPreferences 11
Chapterg 4g g Utility 17
Chapterg5g gChoice 24
Chapterg6g gDemand 32
Chapterg 7g g RevealedgPreference 41
Chapterg8g gSlutskygEquation 49
Chapterg9g g BuyinggandgSelling 55
Chapterg10g g Intertemporal gChoice 65
Chapterg11g gAssetgMarkets 72
Chapterg12g gUncertainty 79
Chapterg13g gRiskygAssets 86
Chapterg14g g Consumer’sgSurplus 89
Chapterg15g gMarketgDemand 94
Chapterg16g gEquilibrium 105
Chapterg17g g Measurement 112
Chapterg18g gAuctions 113
Chapterg19g gTechnology 119
Chapterg20g g ProfitgMaximization 125
Chapterg 21g g Costg Minimization 132
Chapterg22g gCostgCurves 143
Chapterg23g gFirmgSupply 150
Chapterg24g g IndustrygSupply 155
Chapterg25g gMonopoly 162
Chapterg26g gMonopolygBehavior 172
, Chapterg27 g FactorgMarkets 177
Chapterg28 gOligopoly 181
Chapterg29 g Game gTheory 189
Chapterg30 g GamegApplications 195
Chapterg31 g BehavioralgEconomics 202
Chapterg32 gExchange 207
Chapterg33 gProduction 217
Chapterg34 gWelfare 224
Chapterg35 gExternalities 228
Chapterg36 g Information gTechnology 235
Chapterg37 g PublicgGoods 239
Chapterg38 g AsymmetricgInformation 243
PartgII AlternativegQuizzes
Chapterg2g Budgetg Constraint 251
Chapterg3g Preferences 256
Chapterg4g Utility 261
Chapterg5g Choice 266
Chapterg6g Demand 270
Chapterg7g Revealedg Preference 275
Chapterg8g Slutskyg Equation 280
Chapterg9g BuyinggandgSelling 285
Chapterg10 g Intertemporal gChoice 290
Chapterg11 g Asset gMarkets 294
Chapterg12 gUncertainty 299
Chapterg13 g Risky gAssets 304
Chapterg14 g Consumer’sgSurplus 306
Chapterg15 g MarketgDemand 311
Chapterg16 gEquilibrium 315
Chapterg17 gMeasurement 319
Intermediate Microeconomics g
NINTHg EDITION
TEST BANKg
Intermediate Microecon g
omics
NINTHg EDITION
Hal R. Varian
g g
Theodore C. Bergstromg g g
James E. Westg g
Wg•gWg•gNORTONg&gCOMPANYg•gNEWgYORKg•gLONDON
,W.gW.gNortong&gCompanyghasgbeengindependentgsincegitsgfoundingging1923,gwhengWilliam gWardergNortong
andgMarygD.gHertergNortongfirstgpublishedglecturesgdeliveredgatgthegPeople’s gInstitute,gthegadultgeducation
gdivision gofgNewgYork gCity’s gCooper gUnion.gThegfirm gsoongexpanded gits gprogram gbeyond gthegInstitute, gpubl
ishinggbooksgbygcelebratedgacademics gfromgAmericagandgabroad.gBygmidcentury,gthegtwogmajorgpillarsgofg
Norton’sgpublishinggprogram—tradegbooksgandgcollegegtexts—
weregfirmlygestablished.gIngtheg1950s,gthegNortongfamilygtransferredgcontrolgofgthegcompanygtogitsgemploy
ees,gandgtoday—
withgagstaffgofgfourghundredgandgagcomparablegnumbergofgtrade,gcollege,gandgprofessional gtitlesgpublished
geachgyear—
W.gW.gNortong&gCompanyg stands g asg theg largestg andg oldestg publishingg houseg ownedg whollyg byg itsg emplo
yees.
Copyrightg©g2014gbygW.gW.gNortong&gCompany,gIn
c.gAllgrightsgreserved.
PrintedgingthegUnitedgStatesgofgAmerica.g
ISBNg978-0-393-93675-9
W.gW.gNortong&gCompany,gInc.
500gFifthgAvenue,gNewgYork,gN.Y.g10110-
0017gwwnorton.com
W.gW.gNortong&gCompanygLtd.
CastlegHouse,g75/76gWellsgStreet,gLondongW1Tg3QT
g1 g2 g3 g4 g5 g6 g7 g8 g9 g0
,CONTENTS
Preface vii
PartgI TestgBank
Chapterg2g gBudgetgConstraint 3
Chapterg3g gPreferences 11
Chapterg 4g g Utility 17
Chapterg5g gChoice 24
Chapterg6g gDemand 32
Chapterg 7g g RevealedgPreference 41
Chapterg8g gSlutskygEquation 49
Chapterg9g g BuyinggandgSelling 55
Chapterg10g g Intertemporal gChoice 65
Chapterg11g gAssetgMarkets 72
Chapterg12g gUncertainty 79
Chapterg13g gRiskygAssets 86
Chapterg14g g Consumer’sgSurplus 89
Chapterg15g gMarketgDemand 94
Chapterg16g gEquilibrium 105
Chapterg17g g Measurement 112
Chapterg18g gAuctions 113
Chapterg19g gTechnology 119
Chapterg20g g ProfitgMaximization 125
Chapterg 21g g Costg Minimization 132
Chapterg22g gCostgCurves 143
Chapterg23g gFirmgSupply 150
Chapterg24g g IndustrygSupply 155
Chapterg25g gMonopoly 162
Chapterg26g gMonopolygBehavior 172
, Chapterg27 g FactorgMarkets 177
Chapterg28 gOligopoly 181
Chapterg29 g Game gTheory 189
Chapterg30 g GamegApplications 195
Chapterg31 g BehavioralgEconomics 202
Chapterg32 gExchange 207
Chapterg33 gProduction 217
Chapterg34 gWelfare 224
Chapterg35 gExternalities 228
Chapterg36 g Information gTechnology 235
Chapterg37 g PublicgGoods 239
Chapterg38 g AsymmetricgInformation 243
PartgII AlternativegQuizzes
Chapterg2g Budgetg Constraint 251
Chapterg3g Preferences 256
Chapterg4g Utility 261
Chapterg5g Choice 266
Chapterg6g Demand 270
Chapterg7g Revealedg Preference 275
Chapterg8g Slutskyg Equation 280
Chapterg9g BuyinggandgSelling 285
Chapterg10 g Intertemporal gChoice 290
Chapterg11 g Asset gMarkets 294
Chapterg12 gUncertainty 299
Chapterg13 g Risky gAssets 304
Chapterg14 g Consumer’sgSurplus 306
Chapterg15 g MarketgDemand 311
Chapterg16 gEquilibrium 315
Chapterg17 gMeasurement 319
