Description
Coverage of modern topics and more modern treatment of conventional topics. Examples include an integrated treatment of game theory, ologopoly, a more detailed treatment of sunk costs, and consumer surplus. * Two chapters devoted to costs and cost curves, as well as a section on consumer surplus, which includes concepts of compensating and equivalent variations.
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This text for an undergraduate or graduate course integrates verbal intuition, graphs, applications, and learning-by-doing exercises to teach principles of microeconomics. Real-world examples woven throughout each chapter illustrate how microeconomics applies to business decision making and public policy issues. Practice exercises and drill problems are integrated with graphical and verbal explanations, and prepare students to do more difficult analytical problems. The book is traditional in its coverage and organization. The authors teach economics and management at Northwestern University. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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