Solution Manual for Microeconomics, 13th Edition, Roger A. Arnold, ISBN-10: 1337617407, ISBN-13: 9781337617406

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  • ISBN-10 ‏ : ‎ 1337617407
  • ISBN-13 ‏ : ‎ 978-1337617406
  • Author: Roger A. Arnold

Ever wonder why colleges use GPAs, ACTs, and SATs for purposes of admission, or how supply and demand play out on a freeway, or what price has to do with being late to class, or how you might end up paying for good weather? ECONOMICS, 13E answers these questions and many more as this book opens up the world of economic analysis. This edition offers more detailed coverage of how economists build theories to explain everyday life than any other principles of economics text on the market. Memorable examples from pop culture illustrate the unexpected places economics occur and show you how economic forces link to every day events. This edition offers complete video assets to assist you in learning economics. There are short video lectures to assist you with key economic concepts and theories. In addition, Video Office Hours (longer video lectures) is a digital video asset that answers questions that students often have for their instructors during office hours. There are also videos assets – such as What’s Wrong with this Diagram Working with Diagrams and Progression Graphs that assist you in learning and working with all the diagrams that are in an economics principles course. A new Adaptive Test Prep available on MindTap Enables you to assess your personal economic understanding. Powerful digital resources, including Aplia and MindTap, work with the book’s latest content to reflect today’s changing economy and equip you with a thorough understanding of contemporary microeconomics.

 

Table of Content:

  1. Part 1: Economics: The Science of Scarcity
  2. Chapter 1: What Economics Is About
  3. 1-1 Your Life, 2019-2029
  4. 1-2 A Definition of Economics
  5. 1-3 Key Concepts in Economics
  6. 1-4 Ceteris Paribus and Theory
  7. 1-5 Economic Categories
  8. Chapter Summary
  9. Key Terms and Concepts
  10. Questions and Problems
  11. Working with Numbers and Graphs
  12. Appendix A: Working with Diagrams
  13. Appendix B: Should You Major in Economics?
  14. Chapter 2: Production Possibilities Frontier Framework
  15. 2-1 The Production Possibilities Frontier
  16. 2-2 Specialization and Trade Can Move Us beyond Our PPF
  17. Chapter Summary
  18. Key Terms and Concepts
  19. Questions and Problems
  20. Working with Numbers and Graphs
  21. Chapter 3: Supply and Demand: Theory
  22. 3-1 What Is Demand?
  23. 3-2 Supply
  24. 3-3 The Market: Putting Supply and Demand Together
  25. Chapter Summary
  26. Key Terms and Concepts
  27. Questions and Problems
  28. Working with Numbers and Graphs
  29. Chapter 4: Prices: Free, Controlled, and Relative
  30. 4-1 Price
  31. 4-2 Price Controls
  32. 4-3 Two Prices: Absolute and Relative
  33. Chapter Summary
  34. Key Terms and Concepts
  35. Questions and Problems
  36. Working with Numbers and Graphs
  37. Chapter 5: Supply, Demand, and Price: Applications
  38. 5-1 Application 1: U-Haul Rates and Demand
  39. 5-2 Application 2: Subsidizing the Consumption of Anything Can Raise Its Price
  40. 5-3 Application 3: 10 A.M. Classes in College
  41. 5-4 Application 4: Why Do Colleges Use GPAs, ACTs, and SATs for Purposes of Admission?
  42. 5-5 Application 5: Why Is Medical Care So Expensive?
  43. 5-6 Application 6: Do You Pay for Good Weather?
  44. 5-7 Application 7: The Price of an Aisle Seat
  45. 5-8 Application 8: College Superathletes
  46. 5-9 Application 9: Easier-to-Obtain Loans and Higher Housing Prices
  47. 5-10 Application 10: Speculators, Price Variability, and Patterns
  48. 5-11 Application 11: Supply and Demand on a Freeway
  49. 5-12 Application 12: Are Renters Better Off?
  50. Chapter Summary
  51. Questions and Problems
  52. Working with Numbers and Graphs
  53. Part 2: Microeconomic Fundamentals
  54. Chapter 6: Elasticity
  55. 6-1 Elasticity: Part 1
  56. 6-2 Elasticity: Part 2
  57. 6-3 Other Elasticity Concepts
  58. 6-4 The Relationship between Taxes and Elasticity
  59. Chapter Summary
  60. Key Terms and Concepts
  61. Questions and Problems
  62. Working with Numbers and Graphs
  63. Chapter 7: Consumer Choice: Maximizing Utility and Behavioral Economics
  64. 7-1 Utility Theory
  65. 7-2 Consumer Equilibrium and Demand
  66. 7-3 Behavioral Economics
  67. Chapter Summary
  68. Key Terms and Concepts
  69. Questions and Problems
  70. Working with Numbers and Graphs
  71. Appendix C: Budget Constraint and Indifference Curve Analysis
  72. Chapter 8: Production and Costs
  73. 8-1 Why Firms Exist
  74. 8-2 Two Sides to Every Business Firm
  75. 8-3 Production
  76. 8-4 Costs of Production: Total, Average, Marginal
  77. 8-5 Production and Costs in the Long Run
  78. 8-6 Shifts in Cost Curves
  79. Chapter Summary
  80. Key Terms and Concepts
  81. Questions and Problems
  82. Working with Numbers and Graphs
  83. Part 3: Product Markets and Policies
  84. Chapter 9: Perfect Competition
  85. 9-1 The Theory of Perfect Competition
  86. 9-2 Perfect Competition in the Short Run
  87. 9-3 Perfect Competition in the Long Run
  88. 9-4 Topics for Analysis in the Theory of Perfect Competition
  89. Chapter Summary
  90. Key Terms and Concepts
  91. Questions and Problems
  92. Working with Numbers and Graphs
  93. Chapter 10: Monopoly
  94. 10-1 The Theory of Monopoly
  95. 10-2 Monopoly Pricing and Output Decisions
  96. 10-3 Perfect Competition and Monopoly
  97. 10-4 The Case against Monopoly
  98. 10-5 Price Discrimination
  99. Chapter Summary
  100. Key Terms and Concepts
  101. Questions and Problems
  102. Working with Numbers and Graphs
  103. Chapter 11: Monopolistic Competition, Oligopoly, and Game Theory
  104. 11-1 The Theory of Monopolistic Competition
  105. 11-2 Oligopoly: Assumptions and Real-World Behavior
  106. 11-3 Price and Output under the Cartel Theory
  107. 11-4 Game Theory, Oligopoly, and Contestable Markets
  108. 11-5 A Review of Market Structures
  109. 11-6 Applications of Game Theory
  110. Chapter Summary
  111. Key Terms and Concepts
  112. Questions and Problems
  113. Working with Numbers and Graphs
  114. Chapter 12: Government and Product Markets: Antitrust and Regulation
  115. 12-1 Antitrust
  116. 12-2 Regulation
  117. Chapter Summary
  118. Key Terms and Concepts
  119. Questions and Problems
  120. Working with Numbers and Graphs
  121. Part 4: Factor Markets and Related Issues
  122. Chapter 13: Factor Markets: With Emphasis on the Labor Market
  123. 13-1 Factor Markets
  124. 13-2 The Labor Market
  125. 13-3 Labor Markets and Information
  126. Chapter Summary
  127. Key Terms and Concepts
  128. Questions and Problems
  129. Working with Numbers and Graphs
  130. Chapter 14: Wages, Unions, and Labor
  131. 14-1 Objectives of Labor Unions
  132. 14-2 Practices of Labor Unions
  133. 14-3 Effects of Labor Unions
  134. Chapter Summary
  135. Key Terms and Concepts
  136. Questions and Problems
  137. Working with Numbers and Graphs
  138. Chapter 15: The Distribution of Income and Poverty
  139. 15-1 Some Facts about Income Distribution
  140. 15-2 Measuring Income Equality
  141. 15-3 Why Income Inequality Exists
  142. 15-4 Poverty
  143. Chapter Summary
  144. Key Terms and Concepts
  145. Questions and Problems
  146. Working with Numbers and Graphs
  147. Chapter 16: Interest, Rent, and Profit
  148. 16-1 Interest
  149. 16-2 Rent
  150. 16-3 Profit
  151. 16-4 The Entrepreneur
  152. Chapter Summary
  153. Key Terms and Concepts
  154. Questions and Problems
  155. Working with Numbers and Graphs
  156. Part 5: Market Failure, Public Choice, and Special-Interest Group Politics
  157. Chapter 17: Market Failure: Externalities, Public Goods, and Asymmetric Information
  158. 17-1 Externalities
  159. 17-2 Internalizing Externalities
  160. 17-3 Environmental Policy
  161. 17-4 Public Goods: Excludable and Nonexcludable
  162. 17-5 Asymmetric Information
  163. Chapter Summary
  164. Key Terms and Concepts
  165. Questions and Problems
  166. Working with Numbers and Graphs
  167. Chapter 18: Public Choice and Special-Interest Group Politics
  168. 18-1 Public Choice Theory
  169. 18-2 The Political Market
  170. 18-3 Voters and Rational Ignorance
  171. 18-4 More about Voting
  172. 18-5 Special-Interest Groups
  173. 18-6 Constitutional Economics
  174. Chapter Summary
  175. Key Terms and Concepts
  176. Questions and Problems
  177. Working with Numbers and Graphs
  178. Part 6: Economic Theory-Building and Everyday Life
  179. Chapter 19: Building Theories to Explain Everyday Life: From Observations to Questions to Theories t
  180. 19-1 A Different Kind of Chapter
  181. 19-2 The Process
  182. 19-3 Observation/Thought 1: The Birthrates in Various Countries Are Different
  183. 19-4 Observation/Thought 2: The Ethical Code of People Who Live in a Small Town Is Different from Th
  184. 19-5 Observation/Thought 3: The Closer the Dollar Tuition the Student Pays Is to the Equilibrium Tui
  185. 19-6 Observation/Thought 4: Criminals Are Not Rational
  186. 19-7 Observation/Thought 5: More Students Wear Baseball Caps in Class on Exam Days Than on Other Day
  187. 19-8 Observation/Thought 6: Houses in “Good” School Districts Are Often More Expensive Than Comparab
  188. 19-9 Observation/Thought 7: Are People Better Off with or without Health Care Vouchers?
  189. 19-10 Observation/Thought 8: People Who Give to Others Often Complain That They End Up Giving Too Mu
  190. Chapter Summary
  191. Questions and Problems
  192. Working with Numbers and Graphs
  193. Part 7: International Economics and Globalization
  194. Chapter 20: International Trade
  195. 20-1 International Trade Theory
  196. 20-2 Trade Restrictions
  197. Chapter Summary
  198. Key Terms and Concepts
  199. Questions and Problems
  200. Working with Numbers and Graphs
  201. Chapter 21: International Finance
  202. 21-1 The Foreign Exchange Market
  203. 21-2 Flexible Exchange Rates
  204. 21-3 Fixed Exchange Rates
  205. 21-4 Fixed Exchange Rates versus Flexible Exchange Rates
  206. Chapter Summary
  207. Key Terms and Concepts
  208. Questions and Problems
  209. Working with Numbers and Graphs
  210. Self-Test Appendix
  211. Glossary
  212. Index