Which of the following is a microeconomic topic?
i. K-Mart's decision to close stores that are not making a profit.
ii. Bunning's choice to hire more full-time employees because its sales increased.
iii. Virgin Airlines changes its fares.
A) i only
B) i and iii
C) ii and iii
D) i, ii, and iii
E) i and ii only

Question

Quizplus · Accepted Answer

All three scenarios involve individual firms making decisions based on their own economic circumstances, which is a focus of microeconomics.

Which of the Following Is a Microeconomic Topic