MicroEconomicsPractice
Microeconomics and Behavior

Chapter 5

Applications of Rational Choice and Demand Theories

Robert H. Frank, Edward Cartwright

159 questions · 5 paragraphs

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What's in the chapter?

5.1

Using the Rational Choice Model to Answer Policy Questions

10 questions

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5.2

Consumer Surplus

62 questions

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5.3

Overall Welfare Comparisons

16 questions

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5.4

Using Price Elasticity of Demand

53 questions

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5.5

The Intertemporal Choice Model

18 questions

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