Making Sense of Microeconomics

<p><em style=color: rgba(0 0 0 1)>Making Sense of Microeconomics</em><span style=color: rgba(0 0 0 1)> provides students with a comprehensive and accessible introduction to the world of microeconomics. Readers gain a solid understanding of how organizations can utilize methods to help them maximize the use of available resources.</span></p><p> </p><p><span style=color: rgba(0 0 0 1)>Over the course of 16 chapters students learn about various types of economies profitability and its cost to society economic markets the circular flow and the laws of supply and demand. Dedicated chapters address utility elasticity efficiency and social interest and organizing for production. Readers examine markets in the competitive environment output and costs demand curves marginal revenue supply curves production decisions and the regulation and deregulation of competition. Additional chapters take a closer look at labor capital and land in the context of microeconomics. The text closes with a chapter that presents the cost efficiency and best process methods which are used to determine the right combination of labor capital and land to determine maximum output and minimal costs.</span></p><p> </p><p><span style=color: rgba(0 0 0 1)>The revised edition features new tables to better illustrate key concepts presented within the text.</span></p><p> </p><p><span style=color: rgba(0 0 0 1)>Highly approachable and written for students new to the discipline </span><em style=color: rgba(0 0 0 1)>Making Sense of Microeconomics</em><span style=color: rgba(0 0 0 1)> is an excellent resource for foundational courses in finance and economics.</span></p>