Lec6|Utility vs Satisfaction| law ofdiminishing marginal Utility|hindi/urdu|OnlineEconomics Solution

Microeconomics (from Greek prefix mikro- meaning "small" + economics) is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.

One goal of microeconomics is to analyze the market mechanisms that establish relative prices among goods and services and allocate limited resources among alternative uses. Microeconomics shows conditions under which free markets lead to desirable allocations. It also analyzes market failure, where markets fail to produce efficient results.
Microeconomic theory
-Consumer demand theory.
-Production theory.
-Cost-of-production theory of value.
-Opportunity cost.
-Price Theory.
-Supply and demand.
-Perfect competition.
-Imperfect competition.






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