This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the difference between microeconomics and macroeconomics? What will be an ideal ... (Read 96 times)

JGIBBSON

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
What is the difference between microeconomics and macroeconomics?
 
  What will be an ideal response?

Question 2

Tara, a pharmacist, is planning on opening her own pharmacy. Tara currently earns 50,000 a year at her job. She has calculated that it will cost her 6,000 in rent and utilities and 25,000 for an assistant per year to run her pharmacy.
 
  What is the amount of opportunity cost that Tara incurs in running her own pharmacy? A) 31,000
  B) 25,000
  C) 50,000
  D) 81,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jgranad15

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

Microeconomics studies the decisions of smaller economic actors, such as individual consumers or individual firms, and how the government can affect these decisions, say through how it regulates an industry. Macroeconomics studies the aggregate, or economy-wide, consequences of the decisions made by individuals and firms. Macroeconomics also studies the aggregate effects of government policies, such as the Federal Reserve's decisions to raise or lower interest rates.

Answer to Question 2

D


JGIBBSON

  • Member
  • Posts: 538
Reply 2 on: Jun 29, 2018
Excellent

kthug

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Difference between chromosomes, chromatids, and chromatins Difference between chromosomes, chromatids, and chromatins
Macroeconomics Macroeconomics
Sensitivity study for facial difference Sensitivity study for facial difference
An electron is accelerated from rest through a potential difference of 3750 V. It enters a ... An electron is accelerated from rest through a potential difference of 3750 V. It enters a ...
Solve Diophantus’s Problem B–8: To find two numbers such that their difference a Solve Diophantus’s Problem B–8: To find two numbers such that their difference a
Video: Vasectomy

For a complete list of videos, visit our video library