Dominick Salvatore Schaums Outline of Microeconomics, 4th edition Schaums Outline Series 2006

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SCHAUM’SOUTLINE OFMICROECONOMICSFourth EditionDOMINICK SALVATORE, Ph.D.Professor of EconomicsFordham UniversitySCHAUM’S OUTLINE SERIESMcGRAW-HILLNew York Chicago San Francisco Lisbon LondonMadrid Mexico City Milan New Delhi San JuanSeoul Singapore Sydney Toronto
Copyright © 2006, 1992, 1983, 1974 by The McGraw-Hill Companies, Inc. All rights reserved. Manufactured in the United States ofAmerica. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributedin any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher.0-07-149171-6The material in this eBook also appears in the print version of this title: 0-07-146236-8.All trademarks are trademarks of their respective owners. Rather than put a trademark symbol after every occurrence of a trademarkedname, we use names in an editorial fashion only, and to the benefit of the trademark owner, with no intention of infringement of the trademark.Where such designations appear in this book, they have been printed with initial caps.McGraw-Hill eBooks are available at special quantity discounts to use as premiums and sales promotions, or for use in corporate trainingprograms. For more information, please contact George Hoare, Special Sales, at george_hoare@mcgraw-hill.com or (212) 904-4069.TERMS OF USEThis is a copyrighted work and The McGraw-Hill Companies, Inc. (“McGraw-Hill”) and its licensors reserve all rights in and to the work.Use of this work is subject to these terms. Except as permitted under the Copyright Act of 1976 and the right to store and retrieve one copyof the work, you may not decompile, disassemble, reverse engineer, reproduce, modify, create derivative works based upon, transmit, distribute,disseminate, sell, publish or sublicense the work or any part of it without McGraw-Hill’s prior consent. You may use the work foryour own noncommercial and personal use; any other use of the work is strictly prohibited. Your right to use the work may be terminatedif you fail to comply with these terms.THE WORK IS PROVIDED “AS IS.” McGRAW-HILL AND ITS LICENSORS MAKE NO GUARANTEES OR WARRANTIES AS TOTHE ACCURACY, ADEQUACY OR COMPLETENESS OF OR RESULTS TO BE OBTAINED FROM USING THE WORK, INCLUD-ING ANY INFORMATION THAT CAN BE ACCESSED THROUGH THE WORK VIA HYPERLINK OR OTHERWISE, ANDEXPRESSLY DISCLAIM ANY WARRANTY, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WAR-RANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. McGraw-Hill and its licensors do not warrant orguarantee that the functions contained in the work will meet your requirements or that its operation will be uninterrupted or error free.Neither McGraw-Hill nor its licensors shall be liable to you or anyone else for any inaccuracy, error or omission, regardless of cause, in thework or for any damages resulting therefrom. McGraw-Hill has no responsibility for the content of any information accessed through thework. Under no circumstances shall McGraw-Hill and/or its licensors be liable for any indirect, incidental, special, punitive, consequentialor similar damages that result from the use of or inability to use the work, even if any of them has been advised of the possibility of suchdamages. This limitation of liability shall apply to any claim or cause whatsoever whether such claim or cause arises in contract, tort or otherwise.DOI: 10.1036/0071462368
Page 2 and 3: SCHAUM’SOUTLINE OFMICROECONOMICSF
Page 6 and 7: ProfessionalWant to learn more?We h
Page 8 and 9: PREFACEvimicroeconomic theory and r
Page 10 and 11: viiiCONTENTS4.5 Characteristics of
Page 12 and 13: xCONTENTS10.8 The Kinked Demand Cur
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Page 18 and 19: 2 INTRODUCTION [CHAP. 1owners to bu
Page 20 and 21: 4 INTRODUCTION [CHAP. 13. The meani
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Page 26 and 27: 10 INTRODUCTION [CHAP. 1Table 1.2Pr
Page 28 and 29: 12 INTRODUCTION [CHAP. 1PARTIAL EQU
Page 30 and 31: CHAPTER 2Demand, Supply,and Equilib
Page 32 and 33: 16 DEMAND, SUPPLY, AND EQUILIBRIUM:
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38 DEMAND, SUPPLY, AND EQUILIBRIUM:
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40 THE MEASUREMENT OF ELASTICITIES
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CHAPTER 4Consumer DemandTheory4.1 T
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64 CONSUMER DEMAND THEORY [CHAP. 4A
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66 CONSUMER DEMAND THEORY [CHAP. 4E
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68 CONSUMER DEMAND THEORY [CHAP. 4T
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70 CONSUMER DEMAND THEORY [CHAP. 4E
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72 CONSUMER DEMAND THEORY [CHAP. 4A
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74 CONSUMER DEMAND THEORY [CHAP. 4S
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76 CONSUMER DEMAND THEORY [CHAP. 4(
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78 CONSUMER DEMAND THEORY [CHAP. 44
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80 CONSUMER DEMAND THEORY [CHAP. 4F
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82 CONSUMER DEMAND THEORY [CHAP. 4C
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84 CONSUMER DEMAND THEORY [CHAP. 4c
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86 CONSUMER DEMAND THEORY [CHAP. 4T
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98 CONSUMER DEMAND THEORY [CHAP. 4i
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CHAPTER 5Advanced Topics inConsumer
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104 ADVANCED TOPICS IN CONSUMER DEM
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CHAPTER 6Theory of Production6.1 PR
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120 THEORY OF PRODUCTION [CHAP. 6EX
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122 THEORY OF PRODUCTION [CHAP. 66.
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126 THEORY OF PRODUCTION [CHAP. 6Gl
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128 THEORY OF PRODUCTION [CHAP. 6(a
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132 THEORY OF PRODUCTION [CHAP. 6(b
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136 THEORY OF PRODUCTION [CHAP. 6(b
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142 THEORY OF PRODUCTION [CHAP. 6eq
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144 THEORY OF PRODUCTION [CHAP. 6(c
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CHAPTER 7Costs of Production7.1 SHO
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148 COSTS OF PRODUCTION [CHAP. 77.3
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150 COSTS OF PRODUCTION [CHAP. 7EXA
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154 COSTS OF PRODUCTION [CHAP. 7Lon
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160 COSTS OF PRODUCTION [CHAP. 7The
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162 COSTS OF PRODUCTION [CHAP. 7(b)
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164 COSTS OF PRODUCTION [CHAP. 7(a)
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166 COSTS OF PRODUCTION [CHAP. 7LMC
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172 COSTS OF PRODUCTION [CHAP. 7amo
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176 COSTS OF PRODUCTION [CHAP. 7(a)
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178 COSTS OF PRODUCTION [CHAP. 7Sub
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180 MIDTERM EXAMINATIONAnswers1. (a
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182 MIDTERM EXAMINATION(b)AC ¼ AVC
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CHAPTER 8Price and Output UnderPerf
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186 PRICE AND OUTPUT UNDER PERFECT
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CHAPTER 9Price and OutputUnder Pure
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214 PRICE AND OUTPUT UNDER PURE MON
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CHAPTER 10Price and OutputUnder Mon
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240 PRICE AND OUTPUT UNDER MONOPOLI
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CHAPTER 11Recent and AdvancedTopics
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264 RECENT AND ADVANCED TOPICS IN M
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CHAPTER 12Game Theory andOligopolis
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274 GAME THEORY AND OLIGOPOLISTIC B
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284 INPUT PRICING AND EMPLOYMENT [C
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CHAPTER 14General Equilibriumand We
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314 GENERAL EQUILIBRIUM AND WELFARE
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CHAPTER 15The Economics ofInformati
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338 THE ECONOMICS OF INFORMATION [C
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348 FINAL EXAMINATIONsimultaneously
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350 FINAL EXAMINATION 6. (a) The co
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352 INDEXDecreasing cost industry 1
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354 INDEXMonopolistic competition:
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356 INDEXTime preference 106Total c
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Dominick Salvatore Schaums Outline of Microeconomics, 4th edition Schaums Outline Series 2006

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