Hal R. Varian
ISBN #9780393927023
7th Edition
224 Questions
Homework Questions
Intermediate Microeconomics: A Modern Approach is a comprehensive exploration of microeconomic theory that methodically dissects the fundamental principles governing market behavior and decision-making. The book covers essential topics including market equilibrium, consumer preferences, utility analysis, and the derivation of demand and supply, while extending its analysis into production, cost curves, and firm behavior under various market structures. It integrates advanced concepts such as game theory, auctions, and behavioral economics with practical applications to illustrate real-world economic phenomena and policy implications. Overall, the text equips readers with robust analytical tools to understand and evaluate market dynamics, firm strategies, and the impact of government interventions in a modern economic context.
Chapter 1
The Market
Chapter 2
Budget Constraint
Chapter 3
Preferences
Chapter 4
Utility
Chapter 5
Choice
Chapter 6
Demand
Chapter 7
Revealed Preference
Chapter 8
Slutsky Equation
Chapter 9
Buying and Selling
Chapter 10
Intertemporal Choice
Chapter 11
Asset Markets
Chapter 12
Uncertainty
View More
Chapter 13
Risky Assets
Chapter 14
Consumer’s Surplus
Chapter 15
Market Demand
Chapter 16
Equilibrium
Chapter 17
Auctions
Chapter 18
Technology
Chapter 19
Profit Maximization
Chapter 20
Cost Minimization
Chapter 21
Cost Curves
Chapter 22
Firm Supply
Chapter 23
Industry Supply
Chapter 24
Monopoly
Chapter 25
Monopoly Behavior
Chapter 26
Factor Markets
Chapter 27
Oligopoly
Chapter 28
Game Theory
Chapter 29
Game Applications
Chapter 30
Behavioral Economics
Chapter 31
Exchange
Chapter 32
Production
Chapter 33
Welfare
Chapter 34
Externalities
Chapter 35
Information Technology
Chapter 36
Public Goods
Chapter 37
Asymmetric Information
Problem 1
A college football coach says that given any two linemen A and B, he always prefers the one who is bigger and faster. Is this preference relation transitive? Is it complete?
Prashant Bana Numerade Educator
Problem 2
If both pepperoni and anchovies are bads, will the indifference curve have a positive or a negative slope?
Oluwadamilola Ameobi Numerade Educator
Problem 3
Consider a group of people $A, B, C$ and the relation "at least as tall as," as in "A is at least as tall as $\mathrm{B}$." Is this relation transitive? Is it complete?
Rashmi Sinha Numerade Educator
Problem 4
Suppose that a consumer is consuming 10 units of a discrete good and the price increases from $\$ 5$ per unit to $\$ 6 .$ However, after the price change the consumer continues to consume 10 units of the discrete good. What is the loss in the consumer's surplus from this price change?
Problem 5
Suppose that there were 25 people who had a reservation price of $\$ 500$ and the 26 th person had a reservation price of $\$ 200$. What would the demand curve look like?
Problem 6
Would the assumption that goods are perfect substitutes be valid in a study of intertemporal food purchases?
WHAT OUR STUDENTS SAY
“I finally understand my textbook questions. Before Numerade, I’d skip hard problems. Now I get instant help with videos that explain everything simply.”
Edwin V. Penn State Freshman