Please wait...
1800-212-7858 (Toll Free)
9:00am - 8:00pm IST all days

or

Thanks, You will receive a call shortly.
Customer Support

You are very important to us

For any content/service related issues please contact on this toll free number

022-62211530

Mon to Sat - 11 AM to 8 PM

Give two examples of microeconomic studies.

Asked by Topperlearning User 21st April 2016, 12:12 PM
Answered by Expert
Answer:

At the level of an individual economic unit, the basic economic problem is the problem of choice to a producer or a consumer.

i. A consumer is to allocate his given income to the purchase of different goods and services.

ii. A producer is to choose the combination of inputs that he should use in the production of goods and services.

Answered by Expert 21st April 2016, 2:12 PM
Rate this answer
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

You have rated this answer /10

Your answer has been posted successfully!