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TESTBANKFor Microeconomics, 9thedition by JeffreyM. Perloff, Chapters 1 - 20
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, TO GET ALL CHAPTERS EMAIL ME AT>>>>>
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Tableofcontents
n n
1. Introduction
2. Supply and Demand
n n
3. Applying the Supply-and-Demand Model
n n n
4. Consumer Choice n
5. Applying Consumer Theory
n n
6. Firms and Production
n n
7. Costs
8. Competitive Firms and Markets n n n
9. Applying the Competitive Model
n n n
10. General Equilibrium and Economic Welfare n n n n
11. Monopoly
12. Pricing and Advertising n n
13. Oligopoly and Monopolistic Competition n n n
14. Game Theory n
15. Factor Markets n
16. Interest Rates, Investments, and Capital Markets
n n n n n
17. Uncertainty
18. Externalities, Open-Access, and Public Goods n n n n
19. Asymmetric Information n
20. Contracts and Moral Hazards n n n
,Chapter 1 n Introduction
TO GET ALL CHAPTERS EMAIL ME AT>>>>>
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n
1.1 Microeconomics: The Allocation of Scarce Resources n n n n n
1) Microeconomics studies the allocation of n n n n
A) decision makers. n
B) scarce resources. n
C) models.
D) unlimited
n resources. ANSWER: nn
B
n
Section: The Allocation of Scarce n n n
n Resources Question Status: Old
n n
AACSB: Analytic thinking n
2) Microeconomics is often called n n n
A) price theory.n
B) decision science. n
C) scarcity.
D) resource
n theory. n
n ANSWER: A n
Section: The Allocation of Scarce n n n
n Resources Question Status: Old
n n
AACSB: Analytic thinking n
3) Most microeconomic models assume that decision makers wish to
n n n n n n n n
A) make themselves as well off as possible.
n n n n n n
, B) act selfishly.
n
C) make others as well off as possible.
n n n n n n
D) None of then n
n above. ANSWER: A
nn n
Section: The Allocation of Scarce Resources
n n n n
n n n n n n nnnn
TESTBANKFor Microeconomics, 9thedition by JeffreyM. Perloff, Chapters 1 - 20
n n n n n n n n n n n n n
, TO GET ALL CHAPTERS EMAIL ME AT>>>>>
n n n n n n nnnn
Tableofcontents
n n
1. Introduction
2. Supply and Demand
n n
3. Applying the Supply-and-Demand Model
n n n
4. Consumer Choice n
5. Applying Consumer Theory
n n
6. Firms and Production
n n
7. Costs
8. Competitive Firms and Markets n n n
9. Applying the Competitive Model
n n n
10. General Equilibrium and Economic Welfare n n n n
11. Monopoly
12. Pricing and Advertising n n
13. Oligopoly and Monopolistic Competition n n n
14. Game Theory n
15. Factor Markets n
16. Interest Rates, Investments, and Capital Markets
n n n n n
17. Uncertainty
18. Externalities, Open-Access, and Public Goods n n n n
19. Asymmetric Information n
20. Contracts and Moral Hazards n n n
,Chapter 1 n Introduction
TO GET ALL CHAPTERS EMAIL ME AT>>>>>
n n n n n n nnn
n
1.1 Microeconomics: The Allocation of Scarce Resources n n n n n
1) Microeconomics studies the allocation of n n n n
A) decision makers. n
B) scarce resources. n
C) models.
D) unlimited
n resources. ANSWER: nn
B
n
Section: The Allocation of Scarce n n n
n Resources Question Status: Old
n n
AACSB: Analytic thinking n
2) Microeconomics is often called n n n
A) price theory.n
B) decision science. n
C) scarcity.
D) resource
n theory. n
n ANSWER: A n
Section: The Allocation of Scarce n n n
n Resources Question Status: Old
n n
AACSB: Analytic thinking n
3) Most microeconomic models assume that decision makers wish to
n n n n n n n n
A) make themselves as well off as possible.
n n n n n n
, B) act selfishly.
n
C) make others as well off as possible.
n n n n n n
D) None of then n
n above. ANSWER: A
nn n
Section: The Allocation of Scarce Resources
n n n n
