1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Delicious77 [7]
4 years ago
12

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

Business
1 answer:
dezoksy [38]4 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!!!!




You might be interested in
Houpe Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Sell
jarptica [38.1K]

Answer:

Effect on income= -$2,100

Explanation:

Giving the following information:

Contribution margin $ 98

Increase in variable cost= $5

Increase in sales= 300 units

<u>To determine the effect on income, we need to use the following formula:</u>

Effect on income= increase in contribution margin for new sales - increase in variable costs

Effect on income= 300*93 - 6,000*5

Effect on income= -$2,100

3 0
3 years ago
Gina changes the amount of milk she purchases depending on whether it costs $1,$1.50, or $1.75 a pound. What other information d
Illusion [34]

Answer: how much butter she buys at each price point.

Explanation: The demand curve shows how much a person chooses to buy at different prices. In order to graph the curve, we need to know how much butter Jenna buys when it costs $1, $1.50, and $1.75.

3 0
4 years ago
Choose the correct definition of purchasing power parity.
Elanso [62]
956-455-9448 call me please
8 0
3 years ago
One advantage of modularization is that it simplifies the ____.
Basile [38]
One advantage of modularization is that it simplifies its own manufacturing systems. With this, companies can separate their material cost and product development, and they can also optimize their total product cost through increasing the potential of the variety of products, having a fast product development and upgrade, having a better time-to-market, service support, aftermarket, and lastly, enabling continuous market and product improvement. 
5 0
3 years ago
The core processes in a value chain must add value for the external​ customers, while support processes
shusha [124]

Answer:

B. are also part of the value chain

Explanation:

Value chain comprises two activities i.e primary activities and support activities.  

The primary activities include those activities which add the value to the customer through inbound logistics, outbound logistics, operations, and marketing sales and services

Whereas the support activities are those activities who support the primary activities. It involves procurement, firm infrastructure, etc

7 0
4 years ago
Other questions:
  • The manager of a savings and loan branch wants to estimate the average amount held in passbook savings accounts by the branch ba
    7·1 answer
  • An economic model is:
    6·2 answers
  • When LIFO is used with the periodic inventory system, cost of goods sold is assigned costs from the most recent purchases at the
    11·1 answer
  • An exchange rate is 0.7000 and the six- month domestic and foreign risk- free interest rates are 5% and 7% (both expressed with
    15·1 answer
  • On January 1, Parma, Inc. borrowed $100,000 cash from First National and issued a two-year promissory note in that amount. Inter
    10·1 answer
  • You have an outstanding student loan with required payments of $500 per month for the next four years. The interest rate on the
    11·1 answer
  • Are outstanding credit card balances counted as part of the money supply?
    7·1 answer
  • What makes a checking account more conveniant than a savings account?
    11·2 answers
  • What’s the best app to save your pictures and photos that’s unlimited with no pay I know Flickr, Dropbox is one of them but they
    6·2 answers
  • You are asked to push a particular viewpoint with a client. The request makes perfect business sense but you happen to not belie
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!