100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
summary principles of microeconomics gregory manki $11.49
Add to cart

Exam (elaborations)

summary principles of microeconomics gregory manki

 6 views  0 purchase

summary principles of microeconomics gregory manki summary principles of microeconomics gregory manki summary principles of microeconomics gregory manki summary principles of microeconomics gregory manki summary principles of microeconomics gregory manki summary principles of microeconomics gr...

[Show more]

Preview 4 out of 172  pages

  • November 17, 2024
  • 172
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
All documents for this subject (149)
avatar-seller
studyzoo
Summary Principles of
Microeconomics Gregory Mankiw 7th
Edition

written by

kishe




The Marketplace to Buy and Sell your Study Material

At Stuvia, you will find the best notes, summaries, flashcards & other study material. Search for your
school or uni and find the study material you need.




www.stuvia.com




Downloaded by: kishe | papiglitch@gmail.com Want to earn $1.236
Distribution of this document is illegal extra per year?

,Stuvia.com - The Marketplace to Buy and Sell your Study Material




Summar
y
Pr
inci
plesof
Mi
croeconomi
cs


N.Gr
egor
yManki
w

7t
hEdi
ti
on




Downloaded by: kishe | papiglitch@gmail.com Want to earn $1.236
Distribution of this document is illegal extra per year?

, Stuvia.com - The Marketplace to Buy and Sell your Study Material

CONTE
NTS
1ThePrincipl
esofE conomics
...
..
...
..
...
...
..
..
..
...
..
..
...
..
..
..
...
.. .
......... ...... ..
... .. ...
..
...
.. . .
....
..
..
..
..
..
..
..
..
..
..
..
..
.. 4
2Thi
n k
ingL i
kea nEconomist
...
..
...
..
...
...
..
..
..
...
..
..
..
..
...
..
..
........
..... ...... ....... ....
...
..
. . ...
...
..
..
..
..
..
..
..
..
..
..
..
..
..
. 8
2.
1Th eE conomistasaSc ie ntis t
. . .
...
...
..
..
...
..
..
..
...
..
..
..
...
.......
...... ...... ....... ....
...
.... ...
...
..
..
..
..
..
..
..
..
..
..
..
.. 8
2.
2Th eE conomistasaPol ic yAd vi s or 1
. . .
...
...
..
..
...
..
..
..
...
..
..
..
...
.......
...... ...... ....... ....
...
.... ...
...
..
..
..
..
..
.. 1
2.
3Wh yE conomi s
tsDisagre e 1
. . .
...
...
..
..
...
..
..
..
...
..
..
..
...
.......
...... ...... ....... ....
...
.... ...
...
..
..
..
..
..
..
..
..
..
..
..
..
. 1
3I
nterdependencea ndtheGa insf r omTr a de 1
...
..
...
..
...
...
..
..
..
...
..
..
...
..
..
..
...
.. .
......... ...... ..
... .. ...
..
...
.. . .
.. 3
3.
1APa rabl
efortheMod e r
nE con omy 1
. . .
...
...
..
..
...
..
..
..
...
..
..
..
...
.......
...... ...... ....... ....
...
.... ...
...
..
..
..
..
. 3
3.
2Co mp arat
iveAd va
n t
age : theDr iv in gF or c ef orSp eci
ali
sati
on 1
. . .
...
...
..
..
...
..
..
..
...
..
..
..
...
.......
.. 4
3.
3Ap pli
c at
ionsofComp ara tiveAd v an t a ge 1
. . .
...
...
..
..
...
..
..
..
...
..
..
..
...
.......
...... ...... ....... ....
...
.... ...
...
.. 4
4TheMa rketForcesofSu pplya ndDe ma n d 1
...
..
...
..
...
...
..
..
..
...
..
..
...
..
..
..
...
.. .
......... ...... ..
... .. ...
..
...
.. . .
.... 6
4.
1Ma rke t
sa ndComp eti
ti
on 1
. . .
...
...
..
..
...
..
..
..
...
..
..
..
...
.......
...... ...... ....... ....
...
.... ...
...
..
..
..
..
..
..
..
..
..
..
..
..
..
. 6
4.
2.De ma nd
..
..
...
..
..
....
..
..
..
...
..
..
..
..
...
..
..
............... ..
.. ....... . .
...
..
... ......
..
..
..
..
..
..
..
..
..
..
..
..
..
..
.... ..1
.
..
..
...
..
...
...
. 7
Supply
4.
3. .
...
...
..
..
...
..
..
..
...
..
..
..
...
.......
...... ...... ....... ....
...
.... ...
...
..
..
..
..
..
..
..
..
..
..
..
..
..
...
. ... .1
. . .
..
..
...
..
...
..
..
..
...
.. 9
4.
4Su pplyandDe ma ndTo ge the r 2
. . .
...
...
..
..
...
..
..
..
...
..
..
..
...
.......
...... ...... ....... ....
...
.... ...
...
..
..
..
..
..
..
..
..
..
. 0
5El
asti
cityanditsAp pl
icat
ion 2
...
..
...
..
...
...
..
..
..
...
..
..
...
..
..
..
...
.. .
......... ...... ..
... .. ...
..
...
.. . .
....
..
..
..
..
..
..
..
..
..
..
..
.. 4
El
as t
ici
tyofDe mand
5.
1. .
...
...
..
..
...
..
..
..
...
..
..
..
...
.......
...... ...... ....... ....
...
.... ...
...
..
..
..
..
..
..
..
..
..
..
..
..
..
...
. ... .2
. . 4
El
as t
ici
tyofSu ppl
y
5.
2. .
...
...
..
..
...
..
..
..
...
..
..
..
...
.......
...... ...... ....... ....
...
.... ...
...
..
..
..
..
..
..
..
..
..
..
..
..
..
...
. ... .2
. . .
.. 6
6Supply
,De ma n
da ndGov ernme n tPol ic ie s 2
...
..
...
..
...
...
..
..
..
...
..
..
...
..
..
..
...
.. .
......... ...... ..
... .. ...
..
...
.. . .
.... 8
6.
1Co ntrol
sonPr ices 2
. . .
...
...
..
..
...
..
..
..
...
..
..
..
...
.......
...... ...... ....... ....
...
.... ...
.
Downloaded by: kishe | papiglitch@gmail.com
..
..
..
..
..
..
..
..
..
..
..
..
..
..
...
. ... .8
Want to earn $1.236
Distribution of this document is illegal extra per year?

, ..
... Stuvia.com - The Marketplace to Buy and Sell your Study Material

Tax e
s
6.2....
..
...
...
..
..
...
..
.. .
. .....
... ...
............... ...
........... .............
.... .. .
..
..
..
..
..
..
..
..
..
..
..
..
.2
. . .
...
..
...
...
...
..
..
....... 9
7Consu mers,Produ ce r sa n dt h eE ff icie n c yofMa rke ts 3
....
..
...
..
...
...
...
..
..
..
........ .
............
.... ............. 0
Co nsume rSurp l
u s
7.1....
..
...
...
..
..
...
..
.. .
. .....
... ...
............... ...
........... .............
.... .. .
..
..
..
..
..
..
..
..
..
..
..
..
.3
. . .
... 0
Produ cerSurplu s
7.2....
..
...
...
..
..
...
..
.. .
. .....
.. ....
............... ...
........... .............
.... .. .
..
..
..
..
..
..
..
..
..
..
..
..
.3
. . .
...
.. 1
Ma rketEffi
cienc y
7.3....
..
...
...
..
..
...
..
.. .
. .....
.. ....
............... ...
........... .............
.... .. .
..
..
..
..
..
..
..
..
..
..
..
..
.3
. . .
...
. 2
8Ap p
li
c at
ion:theCos t sofTa xa tion 3
....
..
...
..
...
...
...
..
..
..
........ .
............
.... ..................
.. . .
... ....
......... ...
..
.. 3
8.1TheDe adweightL os sofTa xa tion 3
. . ...
..
...
...
..
..
...
..
.. .
. .....
.. ....
............... ...
........... .............
.... .. .
..
.. 4
8.2TheDe t
erminan tso fDe a dwe ig h tL os s 3
. . ...
..
...
...
..
..
...
..
.. .
. .....
... ...
............... ...
........... .............
.. 6
9Ap p
li
c at
ion:Inter
n ati on al Tr a de 3
....
..
...
..
...
...
...
..
..
..
........ .
............
.... ..................
.. . .
... ....
......... ...
..
..
..
.. 8
9.1TheDe t
erminan tso fTr a d e 3
. . ...
..
...
...
..
..
...
..
.. .
. .....
.. ....
............... ...
........... .............
.... .. .
..
..
..
..
..
..
..
. 8
9.2TheWi n ner
sa n dL os e rsf romTr a d e 3
. . ...
..
...
...
..
..
...
..
.. .
. .....
.. ....
............... ...
........... .............
.... .. 8
9.3TheAr g umentsf ort heRe stric tionofTr ad e 4
. . ...
..
...
...
..
..
...
..
.. .
. .....
... ...
............... ...
........... ....... 0
10
.E x
ternali
ties
..
..
..
..
..
...
..
...
...
...
..
..
............
. ........
...... .
... .....
. ...
..... ..............
. ..... .
..
..
..
..
..
..
..
..
..
..
..
..4
.
..
..
..
..
..
.. 2
10.1.External
iti
esa n dMa rk etI n ef fic ie n cy 4
.
..
..
..
...
..
...
...
...
..
..
............
. ........
...... .
... .....
. ..
...... ........... 2
10.2.PublicPoli
cie sTowa rdsE x te rn a litie s 4
.
..
..
..
...
..
...
...
...
..
..
............
. ........
...... .
... .....
. ..
...... ........... 3


1




Downloaded by: kishe | papiglitch@gmail.com Want to earn $1.236
Distribution of this document is illegal extra per year?

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller studyzoo. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

53920 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.49
  • (0)
Add to cart
Added