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2 years ago

Microeconomics is the study of: __________

Business

1 answer:

Kitty [74]2 years ago

3 0

Microeconomics is the study of <u>the decisions made by individuals</u>.

Microeconomics is the study of individuals, households and firms behavior in decision making and allocation of resources of production, exchange, and consumption. Microeconomics deals with prices and production in single markets and the interaction between different markets.

In the economy, microeconomics applies to markets of goods and services and deals with individual and economic issues. Microeconomics is important as it provides the required tools that enable the formulation of various economic policies.

Individual income and savings, consumer equilibrium, are examples of microeconomics.

Hence, microeconomics is the study of the decisions made by individuals in the economy.

To learn more about Microeconomics here:

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Ed logg is credited with the development of which of these games?

Kaylis [27]

I don't know if you have any options, but here is a list of games that Ed Logg is credited with the development of, and then based on that list you can answer your question:
Asteroids, Centipede, Gauntlet, Gauntlet II, Millipede, Rush, Rush 2: Extreme Racing USA, San Francisco Rush 2049, San Francisco Rush: Extreme Racing, and Xybots.

4 0

3 years ago

4. Does inflation cause a change in demand? Explain the role of inflation in determining demand.

brilliants [131]

Answer:

Inflation is an increase in the general price level in an economy. It is probably caused by the relative increase in the amount of money in relation to the available economic production. If the social money supply increases and the country's production is not matched, the average price level will rise due to the increased demand for goods. Due to the price increases, the value of money, the purchasing power of money, decreases. You can buy less for the same amount, thus lowering demand.

5 0

3 years ago

Suppose a production possibilities frontier can be expressed as what is the opportunity cost of going from 1 unit of X to 2 unit

Scrat [10]

Answer:

Yes. A production possibility frontier can be expressed for this scenario.

Explanation:

A production possibility frontier tells the combinations of X and Y that can be produced with the given level of resources e.g. If 1 unit of X is produced than at the same time the Country can produce 50 units of Y. If 2 units of X are produced than at the same time the Country can produce 40 units of Y. This means that in order to produce 1 additional unit of X, the Country must forego 10 units of Y. This is the opportunity cost of going from 1 unit of X to 2 units of X (in terms of units of Y).

8 0

3 years ago

Suppose the following information is available for Callaway Golf Company for the years 2017 and 2016. (Dollars are in thousands,

blondinia [14]

Answer: (a) Earning per share in 2016: 0.85

(b) Earning per share in 2017: 1.4

Explanation:

Earning per share in 2016:

Net income (loss) = $61,030,000

Opening shares = 74,400,000

Ending shares = 69,200,000

Average no. of shares O/S = $\frac{74,400,000+69,200,000}{2}$

= 71,800,000

Earning per share = $\frac{Net\ Income}{Average\ no.\ of\ shares\ o/s}$

= $\frac{61,030,000}{71,800,000}$

= 0.85

Earning per share in 2017:

Net income (loss) = $91,420,000

Opening shares = 69,200,000

Ending shares = 61,400,000

Average no. of shares O/S = $\frac{69,200,000+61,400,000}{2}$

= 65,300,000

Earning per share = $\frac{Net\ Income}{Average\ no.\ of\ shares\ o/s}$

= $\frac{91,420,000}{65,300,000}$

= 1.4

4 0

4 years ago

Which of the following is included in the investment component of GDP? a. households’ purchases of newly constructed homes.

Anni [7]

Answer:

"D" is the correct answer.

All of these.

Explanation:

NOTE: in this question, options part is missing, The option for the following question is :

b. Additions to business stock

c. firms' buy of equipment

d. All of the above

Gross Domestic Product is the overall financial or retail value of all completed production of goods and services in a specific period within a country.

formula to calculate GDP is as follow

GDP = C + I + G + NX

where C stands for Private consumption.

I stands for investment

G stands for government consummation

NX for net export (total export - total import)

GDP use to calculate countries total gross production during a particular year.

4 0

3 years ago