The present paper is conceived as a useful guide for everyone willing to become acquainted with more or less analytical issues of the microeconomic science. In this context, the material is structured into three parts, comprising 10 chapters.
In the first chapter the readers are invited to get through the basic microeconomic context, ranging from agents to competition forms and through the general equilibrium theory field. The first part approaches consumer’s preferences and budget constraint, optimal choices at the consumer level, on the market of goods and services, as well as Slutsky and Hicks type substitution effect and income effect, the theoretical and applicative elements coexisting, as all over the paper.
The second part of the study is dedicated to a pertinent quantitative analysis based on production functions, cost functions and profit functions, followed, at the end of the chapter, in the same line with the remainder of the paper, by Solved applications and Applications to solve, the latter coming as an extension of the multiple examples settled within the rendered chapters.
The third part of the paper approaches the reaction of the participants to market whenever acting in circumstances of risk and incertitude.