Description: The branch of economics which studies the behaviour of firms as well as individuals in making decisions regarding the allocation of scarce resources is known as microeconomics. It also studies the interactions among these individuals and firms. One of the primary goals of microeconomics is to examine the market mechanisms that establish relative prices among goods and services along with the allocation of limited resources among alternative uses. The failure of markets to produce effective results is also analyzed under microeconomics. There are several key areas which are studied under microeconomics such as demand, supply and equilibrium, measurement of elasticities, consumer demand theory, theory of production, and cost of production. The extensive content of this book provides the readers with a thorough understanding of microeconomics and its fundamental elements. It is an essential guide for both academicians and those who wish to pursue this discipline further. It will also help new researchers by foregrounding their knowledge in this branch.
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EAN: 9781682857731
UPC: 9781682857731
ISBN: 9781682857731
MPN: N/A
Book Title: Essentials of Microeconomics by Luis Bender [Hardb
Item Length: 25.9 cm
Number of Pages: 237 Pages
Publication Name: Essentials of Microeconomics
Language: English
Publisher: Willford Press
Item Height: 254 mm
Subject: Economics
Publication Year: 2020
Type: Textbook
Item Weight: 630 g
Author: Luis Bender
Item Width: 178 mm
Format: Hardcover