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Chapters1- 20
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Tableofcontents
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1. Introduction
2. Supply and Demand
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3. Applying the Supply-and-Demand Model
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4. Consumer Choice n
5. Applying Consumer Theory
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6. Firms and Production
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7. Costs
8. Competitive Firms and Markets n n n
9. Applying the Competitive Model
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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
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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
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1.1 Microeconomics: The Allocationof 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: n n
B
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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
ANSWER: A
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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
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A) make themselves as well off as possible.
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, B) act selfishly.
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C) make others as well off as possible.
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D) None of the n n
n above. ANSWER: A
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Section: The Allocation of Scarce Resources
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