What topic does microeconomics NOT usually include?
A) how firms choose output to maximize profits
B) how consumers maximize utility subject to a budget constraint
C) how wages are determined in the labour market
D) how national income is calculated

Question

Quizplus · Accepted Answer

Microeconomics focuses on individual entities such as consumers, firms, and markets; therefore, it does not typically cover macroeconomic topics like national income calculations.

What Topic Does Microeconomics NOT Usually Include