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Delicious77 [7]
3 years ago
12

Which are characteristics of microeconomics? (Select all that apply.)

Business
1 answer:
dezoksy [38]3 years ago
5 0
Characteristics/Features of , microeconomics

Nature of Analysis - In microeconomics the behavior of individual consumers and producers  in detail is analyzed. It is the study of the subject matter from particular to general.

Method - Microeconomics  divides the economy into various small units is analyzed in detail.  It is a slicing method.

Scope - Microeconomics analysis involves product pricing. factor pricing and theory of welfare.


Application - Both theoretically and practically , micro economics is useful in formulating various policies, resource allocation. Public finance, international trade....


Nature of  Assumption - Assumption of  Ceteris Parabus is always made in every microeconomics theory. it means theory is applicable only when other things being same.




Hope that helps!!!!




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Federal reserve act D
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Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $550,000. In addition to the purchase price, FVI makes the followi
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Answer:

Land 594,500

Explanation:

We must include all cost necessary to acquire the land and lelave it ready to use.

But, the demolition cost are associate with the old warehouse thus, as thsis asset is being destroyed It will be considered period cost, It will not be capitalized through land.

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title insurance            2,500

closing cost       <u>         7,000   </u>

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What Generation expected immigrants to assimilate and become "American" to the extent of expecting to alter their names upon arr
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2 years ago
The following information is available regarding the total manufacturing overhead of Molsen Company for a recent four-month peri
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$198,000

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Calculation to determine what the total manufacturing overhead estimated for August is

First step is to calculate the Variable element

Variable element=($198,000 - $153,000)/(110,000 - 80,000)

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Second step is to calculate the Fixed element

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