Recognized for its clear writing style, this successful and carefully organized text takes the student step by step through the important themes of neoclassical microeconomics. It features a variety of applications, numerical illustrations and graphs with detailed captions. Each chapter has description diagrams, applications, problems and exercises, ending with a summary and selected references. Intended for intermediate price theory and intermediate microeconomics courses. This edition was published in 1981 by Houghton Mifflin Company.