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"Appreciation for comparative statics analysis and will be better prepared to interpret events in real markets. Learning-By-Doing exercises, embedded in the text of each Chapter, guide the student through specific numerical problems. We use three to ten Learning-By-Doing exercises in each Chapter and have designed them to illustrate the core ideas of the Chapter. They are integrated with the graphical and verbal exposition, so that students can clearly see, through the use of numbers and tangible algebraic relationships, what the graphs and words are striving to teach. These exercises set the student up to do similar practice problems as well as more difficult analytical problems at the end of each Chapter. As noted above, we have added to the already complete end-of-Chapter problem sets to give students and instructors more opportunity to assess student understanding. Chapters have between 20 and 35 end-of-Chapter exercises. There is at least one exercise for each of the topics covered in the Chapter, and the topics covered by the exercises generally follow the order of topics in the Chapter. At the end of the book, there are fully worked-out solutions to selected exercises."

MICROECONOMICS: A JOURNEY THROUGH LIFE'S DECISIONS -- PÁGINA LEGAL -- BRIEF CONTENTS -- CONTENTS -- LIST OF FIGURES -- 1.1 RAYS AND AVERAGE INFORMATION -- 1.2 TANGENTS AND MARGINAL INFORMATION -- 1.3 DERIVING MARGINAL INFORMATION FROM -- 1.4 COMBINING AVERAGE AND MARGINAL -- 1.5 RELATIONSHIPS WITH CONSTANT ELASTICITY -- 1.6 RELATIONSHIPS WITH VARYING ELASTICITY -- 1.7 RELATIONSHIPS WITH CONSTANT ELASTICITIES -- 1.8 A VISUAL INTERPRETATION OF THE ELASTICITY -- 1.9 LOCATING POINTS OF INDIFFERENCE -- 1.10 NON-INTERSECTION OF INDIFFERENCE CURVES -- 1.11 CONVEXITY TO THE ORIGIN -- 1.12 MEANING OF ORDINAL UTILITY -- 1.13 UTILITY MAXIMISATION WITH FULL INFORMATION -- 1.14 THE DIFFERENTIAL -- 2.1 STRONG AND WEAK CONVEXITY -- 2.2 CONCAVE INDIFFERENCE CURVES -- 2.3 RELAXING DOMINANCE -- 2.4 MIXED PREFERENCES -- 2.5 A LEXICOGRAPHICAL ORDERING -- 2.6 BUDGET CONSTRAINTS -- 2.7 DERIVING AN INDIVIDUAL'S DEMAND CURVE -- 2.8 HORIZONTAL SUMMATION AND THE -- 2.9 SHIFTS OF THE DEMAND CURVE FOR A NORMAL -- 2.10 CONNECTING PRICE ELASTICITY OF DEMAND -- 2.11 FARM INCOME: A PARADOX? -- 2.12 ILLUSTRATING INCOME ELASTICITIES -- 2.13 ILLUSTRATING CROSS-PRICE ELASTICITIES -- 2.14(I) NORMAL GOOD CASE -- 2.14(II) INFERIOR GOOD CASE -- 2.14(III) GIFFEN PARADOX CASE -- 2.15 THE QUASI-LINEAR UTILITY FUNCTION -- 2.16 COMPENSATING AND EQUIVALENT -- 2.17 COMPARING SURPLUS MEASURES -- 2.18 PRICING AT EURODISNEY -- 2.19 REVEALED PREFERENCE -- 2.20 FORMING AN INDIFFERENCE CURVE -- 2.21 FAILING WEAK CONSISTENCY -- 2.22 LANCASTER'S CHARACTERISTICS APPROACH -- 2.23 COMPLETING THE PARALLELOGRAM -- 2.24 CHARACTERISTICS COMBINATIONS FRONTIER -- 2.25 PRICE AND INCOME CHANGES -- 2.26 THE GIFFEN PARADOX ONCE MORE -- 2.27 THE VALUE FUNCTION AND SUNK COSTS -- 2.28 A SURFACE SHOWING AREAS OF -- 3.1 HOMOTHETIC V. NON-HOMOTHETIC -- 3.2 A TYPICAL TOTAL PRODUCT 'MOUNTAIN -- 3.3(A) FORMING ISOQUANTS

"For 1-semester principles of microeconomics courses.An intuitive and grounded approach to economicsMicroeconomics gets students to think like economists by incorporating the latest policy, data and discussions on important global issues.The 14th Edition emphasizes real-world applications, the development of critical-thinking skills, diagrams renowned for their pedagogy and clarity, and path-breaking technology. Hallmark features in the chapter openings and endings encourage students to think critically about a news article relating to the issue, demonstrating how thinking like an economist can bring a clearer perspective to, and deeper understanding of, today's events.Hallmark features of this titleConcepts connect to economics in the real worldEconomics in Action and Economics in the News boxes have students link models and chapter tools to the economic world around them.Interviews with Economists feature leading economists from diverse backgrounds who share what inspired them to pursue a career in economics.Ample opportunities for practiceWorked Problems, consisting of questions, solutions and key figures, help students to learn-by-doing and actively, rather than passively, review the chapter content.In-text Review Quizzes reinforce major concepts and test students' knowledge of the topics just discussed.New and updated features of this titleCoverage of the impact of a changing microeconomic marketNEW: Chapter 1, ""Getting Started"", has a new section on a diversity challenge: the under-representation of women and minorities in economics.NEW: 6 chapters examine COVID-19, including its effects on the production possibilities frontier (Ch. 2) and on the hand sanitizer market (Ch. 3), the elasticity of supply of face masks (Ch. 4), movie streaming in the pandemic (Ch. 8), the competitive market in fitness equipment and services (Ch. 12), and the increased inequality arising from Covid's labor market effects (Ch. 19).NEW: Other notable discussions and examples include a push for a