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dedylja [7]
4 years ago
13

What is a branch of economics that typically deals with how prices are determined in markets and how markets adjust to a variety

of different events?
Business
1 answer:
tekilochka [14]4 years ago
6 0

Answer:

Microeconomics

Explanation:

Microeconomics relates to the interaction of a single market with different markets, and that such individual market tends to determine the price of a commodity in relation and interaction with different markets.

Here, in microeconomics we analyse and study the choices of an individual using various scarce resources for completing production, consumption and exchange.

Thus, correct answer is -

Microeconomics

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If short-run marginal cost and average variable cost curves for a competitive firm are given by SMC = 2 + 4Q, and AVC = 2 + 2Q,
sukhopar [10]

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units of output  = 2 units

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SMC = 2 + 4Q

AVC = 2 + 2Q

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how many units of output will it produce at a market price and what level of fixed cost will this firm earn zero economic profit

solution

we know here that  under perfect competition

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and

SMC = 2 + 4Q ,

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