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INSTRUCTOR’S MANUAL

to accompany

Thomas and Maurice

MANAGERIAL ECONOMICS

NINTH EDITION

Prepared By

Christopher R. Thomas

University of South Florida

CONTENTS

PART I

Answers: Applied Problems, Mathematical Exercises, and Student

Workbook Homework Exercises

Part I: Some Preliminaries

Chapter 1 Managers, Profits, and Markets................................................................1

Chapter 2 Demand, Supply, and Market Equilibrium.................................................5

Chapter 3 Marginal Analysis for Optimal Decision Making ...................................... 11

Chapter 4 Basic Estimation Techniques ................................................................. 19

Part II: Demand Analysis

Chapter 5 Theory of Consumer Behavior................................................................ 23

Chapter 6 Elasticity and Demand............................................................................ 25

Chapter 7 Demand Estimation and Forecasting...................................................... 29

Part III: Production and Cost Analysis

Chapter 8 Production and Cost in the Short Run .................................................... 33

Chapter 9 Production and Cost in the Long Run ..................................................... 37

Chapter 10 Production and Cost Estimation ............................................................ 41

Part IV: Profit-Maximization in Various Market Structures

Chapter 11 Managerial Decisions in Competitive Markets ....................................... 45

Chapter 12 Managerial Decisions for Firms with Market Power ............................... 49

Chapter 13 Strategic Decision Making in Oligopoly Markets .................................... 55

Part V: Advanced Managerial Decision Making

Chapter 14 Advanced Pricing Techniques .............................................................. 63

Chapter 15 Decisions Under Risk and Uncertainty...