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by Jeffrey M. Perloff, Chapters 1 - 20
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,Table of contents
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1. Introduction
2. Supply and Demand
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3. Applying the Supply-and-Demand Model
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4. Consumer Choice rx
5. Applying Consumer Theory
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6. Firms and Production
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7. Costs
8. Competitive Firms and Markets rx rx rx
9. Applying the Competitive Model
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10. General Equilibrium and Economic Welfare
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11. Monopoly
12. Pricing and Advertising rx rx
13. Oligopoly and Monopolistic Competition
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14. Game Theory rx
15. Factor Markets rx
16. Interest Rates, Investments, and Capital Markets
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17. Uncertainty
18. Externalities, Open-Access, and Public Goods rx rx rx rx
19. Asymmetric Information rx
20. Contracts and Moral Hazards rx rx rx
,Chapter rx1 Introduction
1.1 Microeconomics: rxThe rxAllocation rxof rxScarce rxResources
1) Microeconomics rxstudies rxthe rxallocation rxof
A) decision rxmakers.
B) scarce rxresources.
C) models.
D) unlimited rxresources.
rxANSWER: B
Section: The rxAllocation rxof rxScarce
rxResourcesrxQuestion rxStatus: Old
AACSB: Analytic rxthinking
2) Microeconomics rxis rxoften rxcalled
A) price rxtheory.
B) decision rxscience.
C) scarcity.
D) resource rxtheory.
rxANSWER: A
Section: The rxAllocation rxof rxScarce
rxResourcesrxQuestion rxStatus: Old
AACSB: Analytic rxthinking
3) Most rxmicroeconomic rxmodels rxassume rxthat rxdecision rxmakers rxwish rxto
A) make rxthemselves rxas rxwell rxoff rxas rxpossible.
B) act rxselfishly.
C) make rxothers rxas rxwell rxoff rxas rxpossible.
D) None rxof rxthe
rxabove.rxANSWER: A
Section: The rxAllocation rxof rxScarce
rxResourcesrxQuestion rxStatus: Old
AACSB: Analytic rxthinking
4) Society rxfaces rxtrade- ‑offs rxbecause rxof
A) government rxregulations.
B) profit rxmotive.
C) faceless rxbureaucrats.
, D) scarcity.
rxANSWER: D
Section: The rxAllocation rxof rxScarce
rxResourcesrxQuestion rxStatus: Old
AACSB: Analytic rxthinking