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1 year ago

Microeconomics is the study of: __________

Business

1 answer:

Kitty [74]1 year 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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Answer:

Profitability

Explanation:

It is not enough that our target market is reachable, stable, cost-effective, and measurable. We also need to measure how profitable the market is. We know that our major aim of doing business is to make profit, therefore the profitability of the market must be measured as well.

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The worlds most largest national economy in nominal terms. Is the second largest in purchasing power parity (ppp).
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3 years ago

. Costs that the manager has the power to determine or at least strongly influence are called: Question 5 options: A. Uncontroll

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Answer:

B. Controllable costs

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In other words, controllable costs are those costs or expenses that can be influenced by those who are saddled with the responsibilities of incurring them.

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3 years ago

If the Mayor of Little Rock, Arkansas is also a director of a Little Rock municipal securities dealer, which of the following st

riadik2000 [5.3K]

Answer: B. I and IV

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3 years ago

Lisa's opportunity cost rate is 10 percent compounded annually. How much must she deposit in an account today if she wants to re

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Answer:

Present value = $21,804 (approx)

Explanation:

Given:

Periodic payment = $3,200

Number of period = 12

Interest rate = 10% = 10/100 = 0.1

Present value = ?

Computation of Present value:

$Present\ value = PMT[\frac{1-(1+r)^{-n}}{r} ]\\\\Present\ value = 3,200[\frac{1-(1+0.1)^{-12}}{0.1} ]\\\\Present\ value = 3,200[\frac{1-(1.1)^{-12}}{0.1} ]\\\\Present\ value = 3,200[\frac{1-0.318630818}{0.1} ]\\\\Present\ value = 3,200[\frac{0.681369182}{0.1} ]\\\\Present\ value = 21,803.6188$

Present value = $21,804 (approx)

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