Book Title: Micro Economics Theory and Applications. This book provides a fundamental understanding of microeconomic concepts, focusing on how individuals and businesses make decisions in the face of scarcity. It begins by exploring the economic problem of scarcity and choice, followed by core theories of demand and supply, including their elasticity and real-world applications. The book also delves into consumer behavior, examining how preferences and budget constraints influence decision-making. Further, it covers the theory of production and costs, essential for understanding how firms operate efficiently. With clear explanations and practical examples, this book serves as a valuable resource for students and professionals seeking a strong foundation in microeconomics.