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Full Test Bank For Microeconomics 7Th Edition by Pindyck PDF Docx Full Chapter Chapter
Full Test Bank For Microeconomics 7Th Edition by Pindyck PDF Docx Full Chapter Chapter
© 2009
8/12/2008
Contents
Chapter 1 Preliminaries ................................................................................................................. .......1
Chapter 2 The Basics of Supply and Demand..................................................................................16
Chapter 3 Consumer Behavior...........................................................................................................55
Chapter 4 Individual and Market Demand...................................................................................125
Chapter 5 Uncertainty and Consumer Behavior ...........................................................................179
Chapter 6 Production ........................................................................................................................236
Chapter 7 The Cost of Production ...................................................................................................273
Chapter 8 Profit Maximization and Competitive Supply ............................................................327
Chapter 9 The Analysis of Competitive Markets ..........................................................................375
Chapter 10 Market Power: Monopoly and Monopsony.................................................................438
Chapter 11 Pricing with Market Power ............................................................................................480
Chapter 12 Monopolistic Competition and Oligopoly ...................................................................528
Chapter 13 Game Theory and Competitive Strategy......................................................................565
Chapter 14 Markets For Factor Inputs ..............................................................................................614
Chapter 15 Investment, Time and Capital Markets ........................................................................656
Chapter 16 General Equilibrium and Economic Efficiency ...........................................................698
Chapter 17 Markets with Asymmetric Information........................................................................743
Chapter 18 Externalities and Public Goods......................................................................................787
Chapter 1 Preliminaries
1) Microeconomics is the branch of economics that deals with which of the following topics?
A) The behavior of individual consumers
B) Unemployment and interest rates
C) The behavior of individual firms and investors
D) B and C
E) A and C
Answer: E
Diff: 1
Section: 1.1
2) A Rolling Stones song goes: ʺYou canʹt always get what you want.ʺ This echoes an
important theme from microeconomics. Which of the following statements is the best
example of this theme?
A) Consumers must make the best purchasing decisions they can, given their
limited incomes.
B) Workers do not have as much leisure as they would like, given their wages and
working conditions.
C) Workers in planned economies, such as North Korea, do not have much choice over
jobs. D) Firms in market economies have limited financial resources.
Answer: A
Diff: 1
Section: 1.1
1
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