Answered: The study of microeconomics includes…

The study of microeconomics includes measuring the a. profit of a corporation b. national output level c. money supply d. overall level of prices e. number of people employed in the economy

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter1: The Role And Method Of Economics

Section: Chapter Questions

Problem 3P

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Question

The study of microeconomics includes measuring the
a. profit of a corporation
b. national output level
c. money supply
d. overall level of prices e. number of people employed in the economy

Study of decisions made by households and business firms at an individual level. It includes several laws and theorems related to demand, supply, production, allocation of resources, and prices.

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