Microeconomics is the study of ________
A) the choices that individuals and businesses make
B) all aspects of scarcity
C) the global economy
D) the national economy
A
You might also like to view...
When the price of a good or service changes a. the supply curve shifts in the opposite direction. b. the demand curve shifts in the opposite direction. c. the demand curve shifts in the same direction
d. there is a movement along a given demand curve.
Mergers and acquisitions can act as a barrier to entry.
Answer the following statement true (T) or false (F)
Refer to the information provided in Figure 9.6 below to answer the question(s) that follow. 
Figure 9.6Refer to Figure 9.6. Assume this firm is in a constant-cost industry. For this firm to ________, the firm must be producing q3 units of output.
A. be experiencing diseconomies of scale B. need to cut back on production to lower average costs C. need to shut down D. be in long-run equilibrium
Refer to Figure 4-6. What is the value of consumer surplus after the imposition of the price floor?
A) $1,500 B) $2,700 C) $4,500 D) $5,700