×
Log in to StudySoup
Get Full Access to Business - Textbook Survival Guide
Join StudySoup for FREE
Get Full Access to Business - Textbook Survival Guide

Already have an account? Login here
×
Reset your password

Textbooks / Business / Loose-leaf Version for Modern Principles of Microeconomics 4e & LaunchPad for Modern Principles of Microeconomics (Six-Month Access) 4

Loose-leaf Version for Modern Principles of Microeconomics 4e & LaunchPad for Modern Principles of Microeconomics (Six-Month Access) 4th Edition Solutions

Do I need to buy Loose-leaf Version for Modern Principles of Microeconomics 4e & LaunchPad for Modern Principles of Microeconomics (Six-Month Access) | 4th Edition to pass the class?

ISBN: 9781319200312

Loose-leaf Version for Modern Principles of Microeconomics 4e & LaunchPad for Modern Principles of Microeconomics (Six-Month Access) | 4th Edition - Solutions by Chapter

Do I need to buy this book?
1 Review

78% of students who have bought this book said that they did not need the hard copy to pass the class. Were they right? Add what you think:

Loose-leaf Version for Modern Principles of Microeconomics 4e & LaunchPad for Modern Principles of Microeconomics (Six-Month Access) 4th Edition Student Assesment

Florencio from University of Colorado at Boulder said

"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 4e & LaunchPad for Modern Principles of Microeconomics (Six-Month Access)
Edition: 4
Author: Tyler Cowen (Author), Alex Tabarrok (Author)
ISBN: 9781319200312

The full step-by-step solution to problem in Loose-leaf Version for Modern Principles of Microeconomics 4e & LaunchPad for Modern Principles of Microeconomics (Six-Month Access) were answered by , our top Business solution expert on 11/06/18, 07:54PM. Since problems from 0 chapters in Loose-leaf Version for Modern Principles of Microeconomics 4e & LaunchPad for Modern Principles of Microeconomics (Six-Month Access) have been answered, more than 200 students have viewed full step-by-step answer. Loose-leaf Version for Modern Principles of Microeconomics 4e & LaunchPad for Modern Principles of Microeconomics (Six-Month Access) was written by and is associated to the ISBN: 9781319200312. This textbook survival guide was created for the textbook: Loose-leaf Version for Modern Principles of Microeconomics 4e & LaunchPad for Modern Principles of Microeconomics (Six-Month Access), edition: 4. This expansive textbook survival guide covers the following chapters: 0.

Key Business Terms and definitions covered in this textbook
  • ability-to-pay principle

    the idea that taxes should be levied on a person according to how well that person can shoulder the burden

  • Arrow’s impossibility theorem

    a mathematical result showing that, under certain assumed conditions, there is no scheme for aggregating individual preferences into a valid set of social preferences

  • central bank

    an institution designed to oversee the banking system and regulate the quantity of money in the economy

  • corrective tax

    a tax designed to induce private decision makers to take account of the social costs that arise from a negative externality

  • 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

  • diseconomies of scale

    the property whereby long-run average total cost rises as the quantity of output increases

  • equality

    the property of distributing economic prosperity uniformly among the members of society

  • law of demand

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

  • marginal revenue

    the change in total revenue from an additional unit sold

  • market economy

    an economy that allocates resources through the decentralized decisions of many firms and households as they interact in markets for goods and services

  • market for loanable funds

    the market in which those who want to save supply funds and those who want to borrow to invest demand funds

  • money

    the set of assets in an economy that people regularly use to buy goods and services from other peopl

  • natural monopoly

    a monopoly that arises because a single firm can supply a good or service to an entire market at a smaller cost than could two or more firms

  • oligopoly

    a market structure in which only a few sellers offer similar or identical products

  • production function

    the relationship between quantity of inputs used to make a good and the quantity of output of that good

  • proportional tax

    a tax for which highincome and low-income taxpayers pay the same fraction of income

  • reserves

    deposits that banks have received but have not loaned out

  • shoe-leather cost

    the resources wasted when inflation encourages people to reduce their money holdings

  • surplus

    a situation in which quantity supplied is greater than quantity demanded

  • unemployment insurance

    a government program that partially protects workers’ incomes when they become unemployed