GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Allocation of resources of the economy as between production of different goods and services
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Determination of prices of goods and services
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Behavior of individual decision makers
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All of the above
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Detailed explanation-1: -Microeconomic analysis offers insights into such disparate efforts as making business decisions or formulating public policies. Macroeconomics is more abstruse. It describes relationships among aggregates so big as to be hard to apprehend-such as national income, savings, and the overall price level.
Detailed explanation-2: -The statement is false, as price determination is the subject matter of microeconomics. Microeconomics studies how prices are determined in both the commodity andf actor markets based on the demand and supply analysis.
Detailed explanation-3: -A microeconomic pricing model describes the prices for a good in a particular market as a function of supply and demand. Microeconomic pricing models are basic renderings of an individual market, showing how the quantity of a good increases as the demand (and therefore the price) for that good increases.
Detailed explanation-4: -polished 25 mm round blocks, material fixed in epoxy resin and polished (e.g. particles), or. thin sections mounted on glass slides (25 x 48 mm standard size).