SOLUTIONS MANUAL for Microeconomics, 13th edition Michael Parkin

SOLUTIONS MANUAL for Microeconomics, 13th edition Michael Parkin

TABLE OF CONTENTS

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 39

Chapter 4 Elasticity 53

Chapter 5 Efficiency and Equity 65

Chapter 6 Government Actions in Markets 79

Chapter 7 Global Markets in Action 93

Part 3 Households’ Choices

Chapter 8 Utility and Demand 107

Chapter 9 Possibilities, Preferences, and Choices 121

Part 4 Firms and Markets

Chapter 10 Organizing Production 137

Chapter 11 Output and Costs 151

Chapter 12 Perfect Competition 165

Chapter 13 Monopoly 179

Chapter 14 Monopolistic Competition 197

Chapter 15 Oligopoly 209

Part 5 Market Failure and Government

Chapter 16 Public Choices, Public Goods, and Healthcare 223

Chapter 17 Externalities 237

Part 6 Factor Markets, Inequality, and Uncertainty

Chapter 18 Markets for Factors of Production 249

Chapter 19 Economic Inequality 261

Chapter 20 Uncertainty and Information 275