Instructor's manual for Edwin Mansfield microeconomics theory and applications, Fourth edition:
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
New York, NY u.a.
Norton
1982
|
| Ausgabe: | 4. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Erg. zu: Mansfield, Edwin: Microeconomics, 4. ed. |
| Beschreibung: | IV, 219 S. graph. Darst. |
| ISBN: | 0393952150 |
Internformat
MARC
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| 100 | 1 | |a Sommers, Paul M. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Instructor's manual for Edwin Mansfield microeconomics theory and applications, Fourth edition |c by Paul M. Sommers |
| 250 | |a 4. ed. | ||
| 264 | 1 | |a New York, NY u.a. |b Norton |c 1982 | |
| 300 | |a IV, 219 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 500 | |a Erg. zu: Mansfield, Edwin: Microeconomics, 4. ed. | ||
| 650 | 4 | |a Microeconomics - Questions & answers | |
| 650 | 7 | |a Micro-economie |2 gtt | |
| 650 | 4 | |a Microeconomics |v Problems, exercises, etc | |
| 700 | 1 | 2 | |a Mansfield, Edwin |d 1930- |0 (DE-588)122335872 |4 aut |t Microeconomics |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=004133236&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-004133236 | ||
Datensatz im Suchindex
| _version_ | 1804120761430966272 |
|---|---|
| adam_text | Titel: Microeconomics
Autor: Mansfield, Edwin
Jahr: 1982
Contents
fl
Preface xix
Introduction to Microeconomics 1
1. Introduction 1
2. Optimal Production Decisions 2
3. Pricing Policy 3
4. Rules of Optimal Resource Allocation 4
Example LI Automobile Prices and Japanese Imports
5. Public Policy Concerning Market Structure 6
6. Public Policy Concerning Energy and Pollution 7
7. Microeconomics: Problem-Solving and Science 8
8. Human Wants and Resources 8
9. Technology 10
10. The Tasks Performed by an Economic System 10
11. Our Mixed Capitalist System 12
12. The Price System and Microeconomics 13
13. Model-Building and the Role of Models 14
14. The Evaluation of a Model 15
Example 12 The Bootlegging of Cigarettes
15. Summary 18
Questions and Problems 19
Selected References 19
Demand and Supply 21
1. Introduction 21
2. Markets 21
3. The Market Demand Curve 22
4. The Price Elasticity of Demand 26
5. The Market Supply Curve 28
6. The Price Elasticity of Supply 31
7. The Equilibrium Price 32
8. The Actual Price 34
vni Contents
9. Effects on Price of Shifts in the Demand Curve 35
10. Effects on Price of Shifts in the Supply Curve 36
11. Effects on Price of an Excise Tax 37
Example 2.1 The Demand for Air Transportation
Example 22 The Market for Rental Housing
12. Price Floors and Ceilings 42
13. In Vino Veritas: An Illustration of a Price Floor 44
14. Natural Gas and Oil: Illustrations of Price
Ceilings 45
15. Summary 45
Questions and Problems 47
Selected References 48
The Tastes and Preferences of the
Consumer 49
1. Introduction 49
2. The Nature of the Consumer s Preferences 50
3. Utility 51
4. The Law of Diminishing Marginal Utility 52
5. The Rational Consumer 53
6. The Equilibrium Market Basket 54
7. The Budget Allocation Rule: Further Proof 56
8. Cardinal and Ordinal Utility 57
9. Indifference Curves 59
10. Characteristics of Indifference Curves 61
11. The Marginal Rate of Substitution 62
Example 3.1 The Experimental Determination of
Indifference Curves
12. The Budget Line 66
Example 32 The Food-Stamp Program
13. The Equilibrium of the Consumer 69
14. Revealed Preference and the Measurement of
Indifference Curves 71
15. Determinants of Consumer Tastes and
Preferences 73
16. Budget Allocation by a Government Agency: An
Application 74
17. Summary 77
Questions and Problems 77
Selected References 79
Consumer Behavior and Individual
Demand 80
1. The Equilibrium of the Consumer: Review and
Another Viewpoint 80
2. Effects of Changes in Consumer Money Income 81
3. Income-Consumption and Engel Curves 83
4. Effects of Changes in Commodity Price 84
4
Contents ix
5. The Individual Demand Curve; Location and
Shape 86
6. Price Elasticity of Demand: Individual Demand
Curves 88
7. Price Elasticity, Total Expenditure, and the
Price-Consumption Curve 88
8. Substitution and Income Effects 90
9. Normal and Inferior Goods 92
10. The New York Water Crisis: An Application 93
11. The RAND Study and Consumer s Surplus 94
12. The RAND Solution 96
13. Indexes of the Cost of Living 98
Example 4.1 Economic Aspects of Outdoor Recreation
14. The Laspeyres Index and the Paasche Index 100
15. The Laspeyres Index, Paasche Index, and Changes in
Consumer Welfare 101
16. A Graphical Interpretation 102
Example 42 Index Numbers and Changes in
Economic Welfare
17. Information and Search Activity by
Consumers 105
18. Summary 106
Questions and Problems 107
Selected References 109
Market Demand 110
1. The Market 110
2. Derivation of the Market Demand Curve 111
3. Graphical Measurement of the Price Elasticity of
Demand 112
4. Price Elasticity and Total Money Expenditure 114
5. Determinants of the Price Elasticity of
Demand 116
6. The Income Elasticity of Demand 117
7. Cross Elasticities of Demand 119
Example 5.1 Electricity Demand in the United States
8. The Seilers Side of the Market and Marginal
Revenue 122
9. Determination of the Marginal Revenue Curve 124
10. Industry and Firm Demand Curves 127
11. Marginal Revenue and the Elasticity of
Demand 128
12. Measurement of Demand Curves 129
Example 52 The Demand for Steel
13. Government Policy-Making in the 1973 Fuel Crisis:
An Illustration 134
14. A Business Pricing Problem 136
15. Summary 137
Questions and Problems 139
Selected References 140
Contents
Q) The Firm and Its Technology 141
1. The Assumption of Profit Maximization 141
Example 6.1 Utility Maximization by the
Entrepreneur
2. Technology and Inputs 144
3. The Short Run and the Long Run 145
4. The Production Function 145
5. The Law of Diminishing Marginal Returns and the
Geometry of Average and Marginal Product
Curves 149
6. The Production Function: Two Variable
Inputs 152
7. Isoquants 154
8. The Economic Region of Production 156
9. Substitution among Inputs 157
10. The Long Run and Returns to Scale 158
Example 62 Milk Production
11. Measurement of Production Functions 162
12. Summary 164
Appendix: Organization of the Firm and Alternative
Models of Firm Behavior 166
Questions and Problems 169
Selected References 170
Li Optimal Input Combinations and Cost
Functions 171
1. Decisions Regarding Input Combinations 171
2. The Optimal Combination of Inputs 172
3. The Production of Com: An Application 176
4. The Nature of Costs 178
5. The Enforcement of the Laws: An Application 179
6. Social vs. Private Costs and Explicit vs. Implicit
Costs 181
7. The Proper Comparison of Alternatives 181
8. Cost Functions in the Short Run 182
9. Average and Marginal Costs 185
10. Geometry of Average and Marginal Cost
Functions 190
11. The Break-Even Chart: An Application 192
Example 7.1 U.S. Steel s Cost Function
12. Cost Functions in the Long Run 194
13. The Expansion Path and Long-Run Total
Costs 197
14. The Shape of the Long-Run Average Cost
Function 198
Example 72 Ammoma s Production Costs
15. Measurement of Cost Functions 201
16. Summary 207
Questions and Problems 208
Selected References 209
Contents xi
§) Optimal Production Decisions and Linear
Programming 211
1. Decisions Regarding Output Levels 211
2. The Output of the Firm in the Short Run 212
3. Price Equals Marginal Cost 214
4. The Multiproduct Firm: The Choice of Output
Combinations 216
Example 8.1 Com Production in Nebraska
5. Decision-Makingin Municipal Government: An
Application 220
6. Linear Programming 222
Example 82 File Cabinets and Desks
7. The Firm s Production Decisions as a Linear
Programming Problem 224
8. The Finishing of Cotton Cloth: An Illustration 225
9. Isoquants 228
10. Isoprofit Curves and a Graphical Solution 230
11. Minimization of Costs 232
Example 8.3 The Choice of Production Processes
12. The Production of Automobiles and Trucks: Another
Illustration 235
13. Computational Efficiency and the Comparison of
Solutions at Extreme Points 238
14. The Dual Problem and Shadow Prices 239
15. Application of Linear Programming in the Petroleum
Industry 240
16. Summary 243
Questions and Problems 244
Selected References 245
Price and Output under Perfect
Competition 247
1. Market Structure: An Introduction 247
2. Perfect Competition 248
3. Price Determination in the Market Period 249
4. The Supply Curve of the Firm in the Short
Run 250
5. Short-Run Supply Curve of the Industry 251
Example 9.1 The Supply of Shale Oil
6. Short-Run Equilibrium Price and Output for the
Industry 254
7. The Long-Run Adjustment Process 255
8. Long-Run Equilibrium of the Firm 257
9. Constant-Cost Industries 258
10. Increasing and Decreasing Cost Industries 259
11. The Allocation Process: Short and Long Run 261
12. The Path to Equilibrium and the Cobweb
Theorem 263
13. Estimates of Elasticity of Supply 264
Xll Contents
M
aa
14. The Cotton Textile Industry: A Case Study 265
15. Agricultural Prices and Output: An
Application 267
16. Government Subsidy Programs 269
Example 92 Rent Control in New York City
17. Effects of Transaction Costs on Price and
Quantity 273
18. Summary 274
Questions and Problems 275
Selected References 276
Price and Output under Pure Monopoly 277
1. Pure Monopoly 277
2. Reasons for Monopoly 278
3. The Monopolist^ Demand Curve 279
4. The Monopolist^ Costs 280
5. Short-Run Equilibrium Price and Output 281
6. Relationship between Price and Output 285
7. Long-Run Equilibrium Price and Output 285
8. Multiplant Monopoly 287
9. Effects of Changes in Demand and Cost 289
10. Comparison of Monopoly with Perfect
Competition 290
11. Bilateral Monopoly 293
12. Price Discrimination 294
13. Other Types of Price Discrimination 297
14. Price Discrimination: A Case Study 298
Example 10.1 Allocating Sales Between Two Markets
15. Discrimination and the Existence of the
Industry 300
16. Public Regulation of Monopoly 301
17. Alcoa: A Case Study of Unregulated Monopoly 302
Example 102 Economics of the Post Office
18. The Michigan Telephone Industry: A Case Study of
Regulation 305
19. Transportation: Another Case Study of
Regulation 306
20. Summary 307
Questions and Problems 308
Selected References 310
Price and Output under Monopolistic
Competition 311
1. Historical Background 311
2. Product Differentiation, the Group, and Other
Assumptions 312
3. Demand Curves under Monopolistic
Competition 313
4. Equilibrium Price and Output in the Short
Run 314
fl;
Contents xni
5. EquiÜbrium Price and Output in the Long
Run 316
6. Product Variation 318
Example 11.1 Dress Shops and Monopolistic
Competition
7. Selling Expenses 320
8. Excess Capacity in Monopolistic Competition 322
Example 112 Advertising and Product Differentiation
9. Comparisons with Perfect Competition and
Monopoly 324
10. Criticisms of the Theory of Monopolistic
Competition 326
11. Summary «327
Questions and Problems 328
Selected References 329
Price and Output under Oligopoly 330
1. Oligopoly: Definition, Causes, and
Classification 330
2. The Cournot Model 331
3. The Edgeworth Model 333
4. The ChamberUn Model 335
5. The Kinked Demand Curve 336
Example 12.1 Pricing under Oligopoly
6. The Theory of Games 339
7. Mixed Strategies 341
8. More Compücated Games and Limitations of Game
Theory 343
9. Collusion and Cartels 344
10. The Instability of Cartels 345
11. Collusion in the Electrical Equipment
Industry 346
12. The OPEC Oü Cartel: Another Application 347
13. Price Leadership 349
14. Cost-Plus Pricing 350
15. The Long Run and Barriers to Entry 351
16. Nonprice Competition 353
Example 122 Oligopoly and the Antitrust Laws
17. Effects of Oligopoly 355
18. Summary 356
Questions and Problems 357
Selected References 359
Price and Employment of Inputs under Perfect
Competition 360
1. Incomes: Distribution and Inequality 360
2. Price and Employment of Inputs 361
3. Profit Maximization and Input Employment 362
xiv Contents
m
4. The Firm s Demand Curve: The Case of One Variable
Input 364
5. The Firm s Demand Curve: The Case of Several
Variable Inputs 366
6. The Market Demand Curve 367
7. Determinants of the Price Elasticity of Demand for
an Input 369
8. The Market Supply Curve 370
9. The Market Supply Curve: The Back ward-Bending
Case 371
Example 13.1 The Supply Curve for Physicians
Services
10. Determination of Price and Employment of an
Input 374
11. The Market for Engineers: An Application 375
12. The Concept of Rent 376
13. Quasi-Rents 377
14. Qualitative Differences in Inputs 379
15. Wage Differentials among Labor of Similar
Quality 379
Example 132 The Effects of Minimum Wage Laws
16. The Elasticity of Substitution and the Distribution of
Income 381
17. The Shortage of Nurses: Another Application 383
18. Summary 384
Questions and Problems 385
Selected References 386
Price and Employment of Inputs under
Imperfect Competition 387
1. Introduction 387
2. Profit Maximization and Input Employment:
Imperfect Competition in the Product Market 387
3. The Firm s Demand Curve: The Case of One Variable
Input 388
4. The Firm s Demand Curve: The Case of Several
Variable Inputs 390
5. The Market Demand Curve and Input Price 391
6. Monopsony 392
7. Input Supply Curves and Marginal Expenditure
Curves 393
8. Price and Employment: A Single Variable
Input 395
9. Price and Employment: Several Variable
Inputs 396
Example 14.1 The Market For Schoolteachers
10. Baseball: A Case Study 398
11. Labor Unions 400
12. Collective Bargaining and Bilateral Monopoly 402
13. The Nature of Union Objectives 403
Contents xv
fl!
14. Tactical Considerations in Collective
Bargaining 405
Example 142 Economic Effects of Unions
15. Effects of Unions on Wages 407
16. Summary 408
Questions and Problems 409
Selected References 410
General Equilibrium Analysis and Resource
Allocation 411
1. Interrelationships among Microeconomic Units 411
2. Partial Equilibrium Analysis vs. General Equilibrium
Analysis 412
3. The Nature and Existence of General
Equilibrium 413
4. The Conditions for the Existence of General
Equilibrium 413
5. A Simple Model of General Equilibrium 414
6. Equations of the Model 416
7. Existence of a Solution 417
8. Input-Output Analysis: An Extension and
Application 418
9. A Simple Input-Output Model 420
10. Applicability of Input-Output Analysis 421
Example 15.1 The Economics of Gasohol
11. Resource Allocation and the Edgeworth Box
Diagram 423
12. Exchange 425
13. Production 427
Example 152 Can Boretania s Targets Be Met?
14. The Product Transformation Curve 429
15. Production and Exchange 430
Example 15.3 The Allocation of Fissionable Material
16. The Marginal Rate of Product Transformation, the
Marginal Rate of Substitution, and Consumer
Satisfaction 433
17. Summary 435
Questions and Problems 436
Selected References 437
Welfare Economics 438
1. Optimal Resource Use 438
2. Interpersonal Comparison of Utility and Pareto
Efficiency 439
3. Marginal Conditions for Optimal Resource
Allocation 440
4. Agricultural Price Supports: An Application 442
5. The Utility-Possibility Curve and the Social Welfare
Function 444
xvi Contents
6. Perfect Competition and Economic Efficiency 447
Example 16.1 Water Pricing and Resource Allocation
7. Economic Planning and Marginal Cost Pricing 450
8. Marginal Cost Pricing: A Case Study 451
V 9. External Economies and Diseconomies 452
y 10. Public Policy toward Basic Research: An
Application 454
11. Technology Transfer by Multinational Firms: The
Case of Australia and Ca na da 455
v Example 162 The Paper Industry and Water
Pollution
12. Increasing Returns and Public Goods 457
13. When Is a Change an Improvement? 458
14. Arrow s Impossibility Theorem 460
15. The Theory of the Second Best 461
16. Summary 462
Questions and Problems 463
Selected References 465
i_L ä Public Goods, Externalities, and the Role of
Government 466
v 1. Introduction 466
v 2. The Nature of Public Goods 467
* 3. The Optimal Quantityofa Public Good 468
v 4. The Provision of Public Goods 469
v Example 17.1 Economics of a Lighthouse
v 5. Externalities: The Case of Environmental
Pollution 472
v 6. Optimal Pollution Control 473
v 7. Direct Regulation and Effiuent Fees 476
•* 8. Property Rights and Coase s Theorem 477
Example 172 What Should Be Done with the
Revenue Obtained from Effluent Fees?
9. Government Intervention and Benefit-Cost
Analysis 480
10. The Measurement of Benefits and Costs 481
11. The Middle Snake River Power Project: An
Application 483
V 12. Limitations of Government Effectiveness 484
J 13. Summary 487
Questions and Problems 488
Selected References 490
a
Intertemporal Choice and Technological
Change 491
1. Introduction 491
2. Intertemporal Choice: Consumption 492
3. Intertemporal Choice: Production 494
0
Contents xvii
4. The Interest Rate: Effects and Determinants 497
5. The Present-Value Rule for Investment Decisions:
Two Periods 500
6. The Present-Value Rule: The Multiperiod
Case 502
7. The Investment Decision: An Example 504
8. Federal Water Projects and the Carter
Administration: A Case Study 505
Example 18.1 Evaluation of an Investment Project
9. Technological Change 507
10. Change in Technique 509
11. Productivity Growth and the Measurement of
Technological Change 511
12. Determinants of the Rate of Technological
Change 513
13. Innovation 514
14. Technological Change in Energy Production: A Case
Study 515
15. Static Efficiency and Economic Progress 516
Example 182 Economic Effects of a Textile
Innovation
16. Imperfect Competition and Technological
Change 517
17. The Patent System 521
18. Summary 522
Questions and Problems 523
Selected References 524
Decision-Making and Choice Involving
Risk 526
1. Introduction 526
2. Definitions of Probability 527
3. Expected Monetary Value 528
4. Decision Trees 529
Example 19.1 The Economics of Parallel Development
Efforts
5. Drilling for CHI: A Case Study 532
6. The Expected Value of Perfect Information 535
7. Is It Rational to Maximize the Expected Monetary
Value? 536
8. Axioms Underlying the Neumann-Morgenstern Utility
Function 537
9. Construction of a Neumann-Morgenstern Utility
Function 538
10. Uses of a Neumann-Morgenstern Utility
Function 541
IL Characteristics of Neumann-Morgenstern Utility
Functions 543
Example 192 The Utility Function for Income
12. Neoclassical Utility versus Neumann-Morgenstern
Utility 546
XVlli Contents
13. The Optimal Amount of Insurance 546
14. Uncertainty and the Minimax Rule 551
15. Summary 553
Questions and Problems 554
Selected References 556
Brief Answers to Odd-Numbered Questions and
Problems 557
Index 571
|
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| author | Sommers, Paul M. Mansfield, Edwin 1930- |
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| discipline | Wirtschaftswissenschaften |
| edition | 4. ed. |
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| id | DE-604.BV006499174 |
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| indexdate | 2024-07-09T16:47:13Z |
| institution | BVB |
| isbn | 0393952150 |
| language | English |
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| spelling | Sommers, Paul M. Verfasser aut Instructor's manual for Edwin Mansfield microeconomics theory and applications, Fourth edition by Paul M. Sommers 4. ed. New York, NY u.a. Norton 1982 IV, 219 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Erg. zu: Mansfield, Edwin: Microeconomics, 4. ed. Microeconomics - Questions & answers Micro-economie gtt Microeconomics Problems, exercises, etc Mansfield, Edwin 1930- (DE-588)122335872 aut Microeconomics HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=004133236&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Sommers, Paul M. Mansfield, Edwin 1930- Instructor's manual for Edwin Mansfield microeconomics theory and applications, Fourth edition Microeconomics - Questions & answers Micro-economie gtt Microeconomics Problems, exercises, etc |
| title | Instructor's manual for Edwin Mansfield microeconomics theory and applications, Fourth edition |
| title_alt | Microeconomics |
| title_auth | Instructor's manual for Edwin Mansfield microeconomics theory and applications, Fourth edition |
| title_exact_search | Instructor's manual for Edwin Mansfield microeconomics theory and applications, Fourth edition |
| title_full | Instructor's manual for Edwin Mansfield microeconomics theory and applications, Fourth edition by Paul M. Sommers |
| title_fullStr | Instructor's manual for Edwin Mansfield microeconomics theory and applications, Fourth edition by Paul M. Sommers |
| title_full_unstemmed | Instructor's manual for Edwin Mansfield microeconomics theory and applications, Fourth edition by Paul M. Sommers |
| title_short | Instructor's manual for Edwin Mansfield microeconomics theory and applications, Fourth edition |
| title_sort | instructor s manual for edwin mansfield microeconomics theory and applications fourth edition |
| topic | Microeconomics - Questions & answers Micro-economie gtt Microeconomics Problems, exercises, etc |
| topic_facet | Microeconomics - Questions & answers Micro-economie Microeconomics Problems, exercises, etc |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=004133236&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT sommerspaulm instructorsmanualforedwinmansfieldmicroeconomicstheoryandapplicationsfourthedition AT mansfieldedwin instructorsmanualforedwinmansfieldmicroeconomicstheoryandapplicationsfourthedition |