TEST BANK
, TEST BANK
Intermediate
Microeconomics
NINTH EDITION
Hal R. Varian
Theodore C. Bergstrom
James E. West
n W • W • NORTON & COMPANY • NEW YORK • LONDON
,W. W. Norton & Company has been independent since its founding in 1923, when William Warder Norton and Mary D.
Herter Norton first published lectures delivered at the People’s Institute, the adult education division of New York City’s
Cooper Union. The firm soon expanded its program beyond the Institute, publishing books by celebrated academics from
America and abroad. By midcentury, the two major pillars of Norton’s publishing program—trade books and college
texts—were firmly established. In the 1950s, the Norton family transferred control of the company to its employees, and
today—with a staff of four hundred and a comparable number of trade, college, and professional titles published each
year—W. W. Norton & Company stands as the largest and oldest publishing house owned wholly by its employees.
Copyright © 2014 by W. W. Norton & Company, Inc.
All rights reserved.
Printed in the United States of America.
ISBN 978-0-393-93675-9
W. W. Norton & Company, Inc.
500 Fifth Avenue, New York, N.Y. 10110-0017
wwnorton.com
W. W. Norton & Company Ltd.
Castle House, 75/76 Wells Street, London W1T 3QT
1234567890
, Preface vii Chapter 23 | Firm Supply 150
Chapter 24 | Industry Supply 155
Part I Test Bank
Chapter 25 | Monopoly 162
Chapter 2 | Budget Constraint 3
Chapter 26 | Monopoly Behavior 172
Chapter 3 | Preferences 11
Chapter 27 | Factor Markets 177
Chapter 4 | Utility 17
Chapter 28 | Oligopoly 181
Chapter 5 | Choice 24
Chapter 29 | Game Theory 189
Chapter 6 | Demand 32
Chapter 30 | Game Applications 195
Chapter 7 | Revealed Preference 41
Chapter 31 | Behavioral Economics 202
Chapter 8 | Slutsky Equation 49
Chapter 32 | Exchange 207
Chapter 9 | Buying and Selling 55
Chapter 33 | Production 217
Chapter 10 | Intertemporal Choice 65
Chapter 34 | Welfare 224
Chapter 11 | Asset Markets 72
Chapter 35 | Externalities 228
Chapter 12 | Uncertainty 79
Chapter 36 | Information Technology 235
Chapter 13 | Risky Assets 86
Chapter 37 | Public Goods 239
Chapter 14 | Consumer’s Surplus 89
Chapter 38 | Asymmetric Information 243
Chapter 15 | Market Demand 94
Chapter 16 | Equilibrium 105 Part II Alternative Quizzes
Chapter 17 | Measurement 112 Chapter 2 | Budget Constraint 251
Chapter 18 | Auctions 113 Chapter 3 | Preferences 256
Chapter 19 | Technology 119 Chapter 4 | Utility 261
Chapter 20 | Profit Maximization 125 Chapter 5 | Choice 266
Chapter 21 | Cost Minimization 132 Chapter 6 | Demand 270
Chapter 22 | Cost Curves 143
v
, TEST BANK
Intermediate
Microeconomics
NINTH EDITION
Hal R. Varian
Theodore C. Bergstrom
James E. West
n W • W • NORTON & COMPANY • NEW YORK • LONDON
,W. W. Norton & Company has been independent since its founding in 1923, when William Warder Norton and Mary D.
Herter Norton first published lectures delivered at the People’s Institute, the adult education division of New York City’s
Cooper Union. The firm soon expanded its program beyond the Institute, publishing books by celebrated academics from
America and abroad. By midcentury, the two major pillars of Norton’s publishing program—trade books and college
texts—were firmly established. In the 1950s, the Norton family transferred control of the company to its employees, and
today—with a staff of four hundred and a comparable number of trade, college, and professional titles published each
year—W. W. Norton & Company stands as the largest and oldest publishing house owned wholly by its employees.
Copyright © 2014 by W. W. Norton & Company, Inc.
All rights reserved.
Printed in the United States of America.
ISBN 978-0-393-93675-9
W. W. Norton & Company, Inc.
500 Fifth Avenue, New York, N.Y. 10110-0017
wwnorton.com
W. W. Norton & Company Ltd.
Castle House, 75/76 Wells Street, London W1T 3QT
1234567890
, Preface vii Chapter 23 | Firm Supply 150
Chapter 24 | Industry Supply 155
Part I Test Bank
Chapter 25 | Monopoly 162
Chapter 2 | Budget Constraint 3
Chapter 26 | Monopoly Behavior 172
Chapter 3 | Preferences 11
Chapter 27 | Factor Markets 177
Chapter 4 | Utility 17
Chapter 28 | Oligopoly 181
Chapter 5 | Choice 24
Chapter 29 | Game Theory 189
Chapter 6 | Demand 32
Chapter 30 | Game Applications 195
Chapter 7 | Revealed Preference 41
Chapter 31 | Behavioral Economics 202
Chapter 8 | Slutsky Equation 49
Chapter 32 | Exchange 207
Chapter 9 | Buying and Selling 55
Chapter 33 | Production 217
Chapter 10 | Intertemporal Choice 65
Chapter 34 | Welfare 224
Chapter 11 | Asset Markets 72
Chapter 35 | Externalities 228
Chapter 12 | Uncertainty 79
Chapter 36 | Information Technology 235
Chapter 13 | Risky Assets 86
Chapter 37 | Public Goods 239
Chapter 14 | Consumer’s Surplus 89
Chapter 38 | Asymmetric Information 243
Chapter 15 | Market Demand 94
Chapter 16 | Equilibrium 105 Part II Alternative Quizzes
Chapter 17 | Measurement 112 Chapter 2 | Budget Constraint 251
Chapter 18 | Auctions 113 Chapter 3 | Preferences 256
Chapter 19 | Technology 119 Chapter 4 | Utility 261
Chapter 20 | Profit Maximization 125 Chapter 5 | Choice 266
Chapter 21 | Cost Minimization 132 Chapter 6 | Demand 270
Chapter 22 | Cost Curves 143
v
