The primary focus of microeconomics is: A

Economics Dec 10, 2020

The primary focus of microeconomics is:

A. families and how they make money.

B. firms and how they make profits.

C. individual units within the overall economy.

D. government.

E. small countries.

Expert Solution

The correct option is:

C. individual units within the overall economy.

Microeconomics concentrated on the study of small units in the economy and help them decide the allocation of scarce resources so as to maximize their satisfaction.

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