The book thoroughly addresses recent advances in price discrimination and innovation and presents a timely treatment of comparative statics applied to monopoly.
The authors combine calculus, geometry, and graphical representations for a student-friendly
esentation.
Thorough summaries, memorable examples, and instructive figures clarify and expand key microeconomic principles.
End-of-chapter extensions present optional empirical studies of chapter topics to explore key topics further.
The presentation on duality and the envelope theorem is improved for a more consistent and integrated approach to these key topics.
Expanded coverage of comparative statics with new coverage of required mathematics better prepares students.
Streamlined and clarified notations and definitions make instruction easier and head off potential sources of confusion.
Behavioral economics is emphasized throughout, with new problems in the end-of-chapter problem sets.
A new discussion examines fixed costs in high-tech industries and recent advances in the study of competition in insurance
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