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Intermediate Microeconomics and Its Application 12th Edition Nicholson Test Bank

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  • ISBN-10 ‏ : ‎ 1133189032
  • ISBN-13 ‏ : ‎ 978-1133189039
  • Author: Walter Nicholson; Christopher Snyder

NTERMEDIATE MICROECONOMICS AND ITS APPLICATION offers an exceptionally clear and concise introduction to the economics of markets. This proven text uses a managerial focus and includes relevant applications and strong examples as well as step-by-step video problems, an algebraic approach, and activities that allow you to learn by doing. Your purchase also includes online resources on CourseMate, including a complete eBook, step-by-step video problems, solutions to odd=numbered questions, and interactive quizzes.

  1. Part 1: Introduction
  2. Ch 1: Economic Models
  3. 1-1 What is Microeconomics?
  4. 1-2 A Few Basic Principles
  5. 1-3 Uses of Microeconomics
  6. 1-4 The Basic Supply-Demand Model
  7. 1-5 How Economists Verify Theoretical Models
  8. Summary
  9. Review Questions
  10. Problems
  11. Appendix to Chapter 1 Mathematics Used in Microeconomics
  12. Part 2: Demand
  13. Ch 2: Utility and Choice
  14. 2-1 Utility
  15. 2-2 Assumptions about Preferences
  16. 2-3 Voluntary Trades and Indifference Curves
  17. 2-4 Indifference Curve Maps
  18. 2-5 Illustrating Particular Preferences
  19. 2-6 Utility Maximization: An Initial Survey
  20. 2-7 Showing Utility Maximization on a Graph
  21. 2-8 Using the Model of Choice
  22. 2-9 Generalizations
  23. Summary
  24. Review Questions
  25. Problems
  26. Ch 3: Demand Curves
  27. 3-1 Individual Demand Functions
  28. 3-2 Changes in Income
  29. 3-3 Changes in a Good’s Price
  30. 3-4 An Application: The Lump-Sum Principle
  31. 3-5 Changes in the Price of Another Good
  32. 3-6 Individual Demand Curves
  33. 3-7 Shifts in an Individual’s Demand Curve
  34. 3-8 Two Numerical Examples
  35. 3-9 Consumer Surplus
  36. 3-10 Market Demand Curves
  37. 3-11 Elasticity
  38. 3-12 Price Elasticity of Demand
  39. 3-13 Demand Curves and Price Elasticity
  40. 3-14 Income Elasticity of Demand
  41. 3-15 Cross-Price Elasticity of Demand
  42. 3-16 Some Elasticity Estimates
  43. Summary
  44. Review Questions
  45. Problems
  46. Part 3: Uncertainty and Strategy
  47. Ch 4: Uncertainty
  48. 4-1 Probability and Expected Value
  49. 4-2 Risk Aversion
  50. 4-3 Methods for Reducing Risk and Uncertainty
  51. 4-4 Pricing of Risk in Financial Assets
  52. Summary
  53. Review Questions
  54. Problems
  55. Appendix to Chapter 4 Two-State Model of Uncertainty
  56. Ch 5: Game Theory
  57. 5-1 Background
  58. 5-2 Basic Concepts
  59. 5-3 Equilibrium
  60. 5-4 Illustrating Basic Concepts
  61. 5-5 Multiple Equilibria
  62. 5-6 Sequential Games
  63. 5-7 Continuous Actions
  64. 5-8 N-Player Games
  65. 5-9 Incomplete Information
  66. Summary
  67. Review Questions
  68. Problems
  69. Part 4: Production, Costs, and Supply
  70. Ch 6: Production
  71. 6-1 Production Functions
  72. 6-2 Marginal Product
  73. 6-3 Isoquant Maps
  74. 6-4 Returns to Scale
  75. 6-5 Input Substitution
  76. 6-6 Changes in Technology
  77. 6-7 A Numerical Example of Production
  78. Summary
  79. Review Questions
  80. Problems
  81. Ch 7: Costs
  82. 7-1 Basic Cost Concepts
  83. 7-2 Cost-Minimizing Input Choice
  84. 7-3 Cost Curves
  85. 7-4 Distinction between the Short Run and the Long Run
  86. 7-5 Per-Unit Short-Run Cost Curves
  87. 7-6 Shifts in Cost Curves
  88. 7-7 A Numerical Example
  89. Summary
  90. Review Questions

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