![]() ![]() UPDATED! Real-World Examples, which use real people, real companies, and real data to illustrate basic microeconomic theory, provide students with a practical perspective that showcases the versatility of modern microeconomics.REVISED! 744 end of chapter exercises, of which 27% are new or have been revised for this edition.84% are new or have been revised for this edition and focus on diverse topics such as the derivation of an isoquant for semiconductors using actual data, the amount by which recipients value Christmas presents relative to the cost to gift givers, why oil companies that use fracking are more likely to shut down, and whether buying flight insurance makes sense. REVISED! 117 end-of section applications illustrate the versatility of microeconomic theory.Revised Applications, Examples, and Challenges Ensure that the Text Remains Relevant and Up-to-Date
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