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Textbooks / Business / Loose-leaf Version for Modern Principles of Microeconomics & LaunchPad 3

Loose-leaf Version for Modern Principles of Microeconomics & LaunchPad 3rd Edition Solutions

Do I need to buy Loose-leaf Version for Modern Principles of Microeconomics & LaunchPad | 3rd Edition to pass the class?

ISBN: 9781319036065

Loose-leaf Version for Modern Principles of Microeconomics & LaunchPad | 3rd Edition - Solutions by Chapter

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Loose-leaf Version for Modern Principles of Microeconomics & LaunchPad 3rd Edition Student Assesment

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"If I knew then what I knew now I would not have bought the book. It was over priced and My professor only used it a few times."

Textbook: Loose-leaf Version for Modern Principles of Microeconomics & LaunchPad
Edition: 3
Author: Tyler Cowen (Author), Alex Tabarrok (Author)
ISBN: 9781319036065

This expansive textbook survival guide covers the following chapters: 0. This textbook survival guide was created for the textbook: Loose-leaf Version for Modern Principles of Microeconomics & LaunchPad, edition: 3. Loose-leaf Version for Modern Principles of Microeconomics & LaunchPad was written by and is associated to the ISBN: 9781319036065. Since problems from 0 chapters in Loose-leaf Version for Modern Principles of Microeconomics & LaunchPad have been answered, more than 200 students have viewed full step-by-step answer. The full step-by-step solution to problem in Loose-leaf Version for Modern Principles of Microeconomics & LaunchPad were answered by , our top Business solution expert on 11/06/18, 07:54PM.

Key Business Terms and definitions covered in this textbook
  • aggregate-supply curve

    a curve that shows the quantity of goods and services that firms choose to produce and sell at each price level

  • average fixed cost

    fixed cost divided by the quantity of output

  • budget constraint

    the limit on the consumption bundles that a consumer can afford

  • complements

    two goods for which an increase in the price of one leads to a decrease in the demand for the other

  • Condorcet paradox

    the failure of majority rule to produce transitive preferences for society

  • cost–benefit analysis

    a study that compares the costs and benefits to society of providing a public good

  • cross-price elasticity of demand

    a measure of how much the quantity demanded of one good responds to a change in the price of another good, computed as the percentage change in quantity demanded of the first good divided by the percentage change in price of the second good

  • economics

    the study of how society manages its scarce resources

  • efficiency

    the property of society getting the most it can from its scarce resources

  • factors of production

    the inputs used to produce goods and services

  • law of demand

    the claim that, other things being equal, the quantity demanded of a good falls when the price of the good rises

  • leverage ratio

    the ratio of assets to bank capital

  • lump-sum tax

    a tax that is the same amount for every person

  • national saving

    the total income in the economy that remains after paying for consumption and government purchases

  • present value

    the amount of money today that would be needed, using prevailing interest rates, to produce a given future amount of money

  • producer surplus

    the amount a seller is paid for a good minus the seller’s cost of providing it

  • profit

    total revenue minus total cost

  • public goods

    goods that are neither excludable nor rival in consumption

  • welfare economics

    the study of how the allocation of resources affects economic well-being

  • willingness to pay

    the maximum amount that a buyer will pay for a good