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Author Question: The above figure shows a firm's total revenue line. The firm must be in a market with A) perfect ... (Read 86 times)

gbarreiro

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on: Jun 29, 2018
The above figure shows a firm's total revenue line. The firm must be in a market with
 
  A) perfect competition.
  B) monopolistic competition.
  C) monopoly.
  D) oligopoly.

Question 2

What is the difference between microeconomics and macroeconomics? Give an example of an issue each studies.
 
  What will be an ideal response?


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javimendoza7

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

Essentially microeconomics studies individual units within the economy, such as the choices made by individual consumers or individual firms. Macroeconomics studies the overall or aggregate economy. Microeconomics examines the factors that affect employment at an individual firm. Macroeconomics examines the factors that affect economy-wide unemployment.


gbarreiro

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Reply #2 on: Jun 29, 2018
Thank you :)


javimendoza7

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Reply #3 on: Jun 29, 2018
Happy to help you


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