TEST BANK FOR INTERMIDIATE MICROECONOMICS 9TH EDITION HAL R. VARIAN THEODORE C. BERGSTROM JAMES E. WEST

TEST BANK L




Intermediate Microeconomics L




NINTHLEDITION

TEST BANK L




Intermediate Microecon L




omics
NINTH EDITION L




Hal R. Varian
L L




Theodore C. BergstromJ L L L




ames E. West L L




W • W • NORTON & COMPANY • NEW YORK • LONDON
L L L L L L L L L L L

,W.LW.LNortonL&LCompanyL hasL beenLindependent L sinceL itsLfoundingL inL1923,LwhenLWilliamLWarderL NortonLandL
MaryLD.LHerterLNortonLfirstLpublishedLlecturesLdeliveredLatLtheLPeople’sLInstitute,LtheLadultLeducationLdivisio
nLofLNewLYorkLCity’sLCooperLUnion.LTheLfirmLsoonLexpandedLitsLprogramLbeyondLtheLInstitute,LpublishingL book
sL byL celebratedL academics L fromL AmericaL andL abroad.L ByL midcentury,L theL twoL majorL pillars LofLNorton’sLpubli
shingLprogram—tradeLbooksLandLcollegeLtexts—
wereLfirmlyLestablished.LInLtheL1950s,LtheLNortonLfamilyLtransferredLcontrolL ofLtheLcompany LtoLitsLemployees
,LandLtoday—
withLaLstaffLofLfourL hundredLandLaLcomparableLnumberLofLtrade,Lcollege,LandLprofessional L titles LpublishedLeac
hLyear—
W.LW.LNortonL&LCompanyLstandsLasLtheLlargestLandLoldestLpublishing LhouseLownedLwhollyLbyLitsLemployees.


CopyrightL ©L 2014L byL W.L W.L NortonL &L Company,L Inc.L
AllLrightsLreserved.
PrintedLinLtheLUnitedLStatesLofLAmerica.LI


SBNL978-0-393-93675-9


W.LW.LNortonL&LCompany,LInc.
500LFifthLAvenue,LNewLYork,LN.Y.L10110-


0017Lwwnorton.com


W.LW.LNortonL&LCompanyLLtd.
CastleL House,L75/76LWellsLStreet,LLondonL W1TL3QTL1L


2L3L4L5L6L7L8L9L0

,CONTENTS
Preface vii


PartLI TestLBank

ChapterL 2L L BudgetL Constraint 3

ChapterL3L L Preferences 11

ChapterL 4L L Utility 17

ChapterL5L L Choice 24

ChapterL 6L L Demand 32

ChapterL 7L L RevealedLPreference 41

ChapterL 8L L SlutskyL Equation 49

ChapterL 9L L BuyingL andL Selling 55

ChapterL 10L L IntertemporalL Choice 65

ChapterL 11L L AssetL Markets 72

ChapterL 12L L Uncertainty 79

ChapterL 13L L RiskyL Assets 86

ChapterL 14L L Consumer’sL Surplus 89

ChapterL 15L L MarketL Demand 94

ChapterL 16L L Equilibrium 105

ChapterL 17L L Measurement 112

ChapterL 18L L Auctions 113

ChapterL 19L L Technology 119

ChapterL 20L L ProfitL Maximization 125

ChapterL 21L L CostL Minimization 132

ChapterL 22L L CostLCurves 143

ChapterL 23L L FirmL Supply 150

ChapterL 24L L IndustryL Supply 155

ChapterL 25L L Monopoly 162

ChapterL 26L L MonopolyL Behavior 172

, ChapterL 27L L FactorL Markets 177

ChapterL 28L L Oligopoly 181

ChapterL 29L L GameL Theory 189

ChapterL 30L L GameL Applications 195

ChapterL 31L L BehavioralL Economics 202

ChapterL 32L L Exchange 207

ChapterL 33L L Production 217

ChapterL 34L L Welfare 224

ChapterL 35L L Externalities 228

ChapterL 36L L InformationL Technology 235

ChapterL 37L L PublicL Goods 239

ChapterL 38L L Asymmetric L Information 243


PartLII AlternativeL Quizzes

ChapterL 2L L BudgetL Constraint 251

ChapterL 3L L Preferences 256

ChapterL 4L L Utility 261

ChapterL5L L Choice 266

ChapterL 6L L Demand 270

ChapterL 7L L RevealedL Preference 275

ChapterL 8L L SlutskyL Equation 280

ChapterL 9L L BuyingL andL Selling 285

ChapterL 10L L IntertemporalL Choice 290

ChapterL 11L L AssetL Markets 294

ChapterL 12L L Uncertainty 299

ChapterL 13L L RiskyL Assets 304

ChapterL 14L L Consumer’sL Surplus 306

ChapterL 15L L MarketL Demand 311

ChapterL 16L L Equilibrium 315

ChapterL 17L L Measurement 319