Question

Microeconomics is the study of

A. how individuals and firms act altruistically to better society.
B. how individuals make good decisions for themselves but hurt society.
C. the economy as a​ whole, including topics such as​ inflation, unemployment, and economic growth.
D. how households and firms make​ choices, how they interact in​ markets, and how the government attempts to influence their choices.

Answer 1

The correct answer is the letter d. how households and firms make​ choices, how they interact in​ markets, and how the government attempts to influence their choices.

Step-by-step explanation:

Microeconomics studies the process of choosing individual agents, that is, the individual and the companies. Thus, the main object of microeconomics is the study of companies, for example, their performance in different market structures, such as monopoly, oligopoly etc; and the individual's decision to consume, analyzing his process of choosing a particular good and service. In addition, it analyzes how this interaction between individuals and companies happens, that is, consumption demanded by individuals and supply by companies. In addition, it studies the impacts of government influence on the process of choosing individuals and companies, for example, by creating a tax on some specific good or service.