Solutions Manual Microeconomics 11th Edition Michael Parkin

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Solutions Manual Microeconomics 11th Edition Michael Parkin

For the principle of microeconomics course. This book is also suitable for all readers interested in economics.

Thoroughly updated, stripped of technical detail where possible, extensively illustrated with well-chosen photographs, enlivened with new applications features that focus on issues at play in today’s world, responsive to the suggestions of reviewers and users, and seamlessly integrated with MyEconLab: These are the hallmarks of this eleventh edition of Microeconomics.

Parkin brings critical issues to the forefront. Each chapter begins with one of today’s key issues, and additional issues appear throughout the chapter to show the real-world applications of the theory being discussed. When the chapter concludes, readers “read between the lines” to think critically about a news article relating to the issue, demonstrating how thinking like an economist can bring a clearer perspective to and deeper understanding of today’s events. Readers will begin to think about issues the way real economists do and learn how to explore difficult policy problems and make more informed decisions in their own economic lives.

Parkin is so committed to currency that he uploads news articles almost daily to MyEconLab®, the online assessment and tutorial system that accompanies the text. Assessment questions based on the Economics in the News articles are uploaded periodically so that instructors can assign recent articles within MyEconLab. Note: If you are purchasing the standalone text or electronic version, MyEconLab does not come automatically packaged with the text. To purchase MyEconLab, please visit: www.myeconlab.com or you can purchase a package of the physical text + MyEconLab by searching the Pearson web site.¿ MyEconLab is not a self-paced technology and should only be purchased when required by an instructor.

ISBN-13: 978-0133019940

ISBN-10: 0133019942

Table of content:

Preface iii

 Part 1 Introduction

Chapter 1 What is Economics? 1

Appendix Graphs in Economics 9

Chapter 2 The Economic Problem 21

 Part 2 How Markets Work

Chapter 3 Demand and Supply 43

Chapter 4 Elasticity 63

Chapter 5 Efficiency and Equity 79

Chapter 6 Government Actions in Markets 95

Chapter 7 Global Markets in Action 111

 Part 3 Households’ Choices

Chapter 8 Utility and Demand 127

Chapter 9 Possibilities, Preferences, and Choices 143

 Part 4 Firms and Markets

Chapter 10 Organizing Production 163

Chapter 11 Output and Costs 179

Chapter 12 Perfect Competition 199

Chapter 13 Monopoly 217

Chapter 14 Monopolistic Competition 237

Chapter 15 Oligopoly 253

 Part 5 Market Failure and Government

Chapter 16 Public Choices and Public Goods 269

Chapter 17 Externalities and the Environment 285

 Part 6 Factor Markets, Inequality, and Uncertainty

Chapter 18 Markets for Factors of Production 301

Chapter 19 Economic Inequality 319

Chapter 20 Uncertainty and Information 335

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