Micro Economics MECO.1.0

Microeconomics is a critical branch of economics that explores the economic behaviors and decisions of individual entities, including consumers and producers. It addresses fundamental issues such as product pricing and factor pricing.

This application offers an extensive overview of microeconomic concepts, including:

1. Economics and Economy
2. Central Problems of an Economy
3. Consumer Equilibrium: Utility Analysis
4. Consumer Equilibrium: Indifference Curve Analysis
5. Theory of Demand
6. Price Elasticity of Demand
7. Production Functions and Returns to a Factor
8. Concepts of Cost
9. Concept of Revenue
10. Producer Equilibrium
11. Theory of Supply
12. Forms of Market
13. Market Equilibrium Under Perfect Competition