Instructor’s Manual
Intermediate Microeconomics
Ninth Edition
CONTENTS
Part I Chapter Highlights
1. The Market 1
2. Budget Constraint 4
3. Preferences 7
4. Utility 10
5. Choice 13
6. Demand 16
7. Revealed Preference 18
8. Slutsky Equation 21
9. Buying and Selling 23
10. Intertemporal Choice 26
11. Asset Markets 29
12. Uncertainty 31
13. Risky Assets 33
14. Consumer’s Surplus 35
15. Market Demand 37
16. Equilibrium 39
17. Measurement 42
18. Auctions 44
19. Technology 46
20. Profit Maximization 48
21. Cost Minimization 50
22. Cost Curves 52
23. Firm Supply 54
24. Industry Supply 56
25. Monopoly 59
26. Monopoly Behavior 61
27. Factor Markets 63
, 28. Oligopoly 65
29. Game Theory 68
30. Game Applications 71
31. Behavioral Economics 75
32. Exchange 78
33. Production 81
34. Welfare 83
35. Externalities 85
36. Information Technology 88
37. Public Goods 92
38. Information 95
Part II Answers to Workouts
1. The Market 1
2. Budget Constraint 5
3. Preferences 17
4. Utility 33
5. Choice 49
6. Demand 67
7. Revealed Preference 81
8. Slutsky Equation 97
9. Buying and Selling 111
10. Intertemporal Choice 131
11. Asset Markets 147
12. Uncertainty 161
13. Risky Assets 175
14. Consumer’s Surplus 181
15. Market Demand 191
16. Equilibrium 201
Measurement 219
17. Auctions 221
,18. Technology 239
19. Profit Maximization 251
20. Cost Minimization 267
21. Cost Curves 279
22. Firm Supply 285
23. Industry Supply 295
24. Monopoly 311
25. Monopoly Behavior 317
26. Factor Markets 331
27. Oligopoly 335
28. Game Theory 351
29. Game Applications 365
30. Behavioral Economics 381
31. Exchange 391
32. Production 407
33. Welfare 417
34. Externalities 427
35. Information Technology 439
36. Public Goods 455
37. Asymmetric Information 469
,
Intermediate Microeconomics
Ninth Edition
CONTENTS
Part I Chapter Highlights
1. The Market 1
2. Budget Constraint 4
3. Preferences 7
4. Utility 10
5. Choice 13
6. Demand 16
7. Revealed Preference 18
8. Slutsky Equation 21
9. Buying and Selling 23
10. Intertemporal Choice 26
11. Asset Markets 29
12. Uncertainty 31
13. Risky Assets 33
14. Consumer’s Surplus 35
15. Market Demand 37
16. Equilibrium 39
17. Measurement 42
18. Auctions 44
19. Technology 46
20. Profit Maximization 48
21. Cost Minimization 50
22. Cost Curves 52
23. Firm Supply 54
24. Industry Supply 56
25. Monopoly 59
26. Monopoly Behavior 61
27. Factor Markets 63
, 28. Oligopoly 65
29. Game Theory 68
30. Game Applications 71
31. Behavioral Economics 75
32. Exchange 78
33. Production 81
34. Welfare 83
35. Externalities 85
36. Information Technology 88
37. Public Goods 92
38. Information 95
Part II Answers to Workouts
1. The Market 1
2. Budget Constraint 5
3. Preferences 17
4. Utility 33
5. Choice 49
6. Demand 67
7. Revealed Preference 81
8. Slutsky Equation 97
9. Buying and Selling 111
10. Intertemporal Choice 131
11. Asset Markets 147
12. Uncertainty 161
13. Risky Assets 175
14. Consumer’s Surplus 181
15. Market Demand 191
16. Equilibrium 201
Measurement 219
17. Auctions 221
,18. Technology 239
19. Profit Maximization 251
20. Cost Minimization 267
21. Cost Curves 279
22. Firm Supply 285
23. Industry Supply 295
24. Monopoly 311
25. Monopoly Behavior 317
26. Factor Markets 331
27. Oligopoly 335
28. Game Theory 351
29. Game Applications 365
30. Behavioral Economics 381
31. Exchange 391
32. Production 407
33. Welfare 417
34. Externalities 427
35. Information Technology 439
36. Public Goods 455
37. Asymmetric Information 469
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