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What is Microeconomics all about?



A. Study of Business Environment
B. Study of financial position of the economy
C. Study of the Economy at Micro Level
D. None of the above

This question is part of Microeconomics Practice Test
Asked by Muhammadakram, Last updated: Jan 20, 2020

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4 Answers

E. Stanley

E. Stanley, Technical writer, Indianapolis

Answered Oct 11, 2018

Option C - microeconomics is about the study if economy at micro level.
It focuses on issues that affect individuals and groups. It studies economics at individual, group and companies...Read More
 

Ikran

Ikran

Answered Oct 25, 2017

Microeconomics is about study of economy at micro level

Microeconomics is economicanalysis that involves the study of the specific choices and decisions make by producers and consumers.

 

kfelleng

Kfelleng

Answered Aug 28, 2017

Yes, i do agree with the first question which is-the study of economy at micro level...because it focuses on the nature of individual consumption and production units within a particular...Read More
 

muhammadakram

Muhammadakram

Answered Aug 21, 2017

Study of the Economy at Micro Level

Microeconomics is concerned with the study of the individual consumer/producer or single economic unit
 

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