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Which Microeconomics is 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: Dec 05, 2017

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4 Answers

E. Stanley

E. StanleyTechnical writer, Indianapolis
Technical writer, Indianapolis

Answered on 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 level. It studies behaviour concerning distribution of scarce resources.

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Ikran

Ikran

Answered on 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.

 Reply

kfelleng

Kfelleng

Answered on 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 market/economic system.

 Reply

muhammadakram

Muhammadakram

Answered on 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
 Reply

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