Register
Which of the following refers to the study of the economic behavior of individual decision-making units, such as individual consumers, resource owners, and business firms, in a free-enterprise system?
167k views
5 votes
Which of the following refers to the study of the economic behavior of individual decision-making units, such as individual consumers, resource owners, and business firms, in a free-enterprise system?

A. Managerial economics
B. Macroeconomics
C. Microeconomics
D. Econometrics

User Pankaj Suryawanshi
by
5.0k points

1 Answer

5 votes

Answer:

C. Microeconomics

Step-by-step explanation:

  • Being a part of the economics that studies the behavioral patterns in the individual in decision making of the organization and regarding the allocation of resources and their interaction amongst the resources.
  • Focuses more on the elasticity of demand and shows how responsive an economic variable is likely to bring a charge on the economic variable.
User Kamikaze
by
5.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.7m questions

7.4m answers

Other Questions

_____ reminds customers and clients that they made a good choice in selecting a company with which to do business, or it reminds them of the good qualities of their purchase.​
On august 1 the darius co. purchased a photocopy machine for $8,000. the estimated annual depreciation on the machine is $1,680. if the company prepares annual financial statements on december 31, the
When president obama was elected, the u.s. economy was in trouble, and has slid into a recession. consumer spending was low and getting worse. in an effort to stop the decline, president obama proposed
Ensuring that an individual is who they claim to be is the function of _____. select one: a. confidentiality b. authorization c. availability d. authentication e. nonrepudiation
The current market price for good y is above the equilibrium price, and then the price of a subsitute good, x, increases. the demand curve for good y shifts as a result. what is the likely outcome of the
Link Copied!