Microeconomics is the study of
A)marginal or inferior products
B)the economic behavior of individual decision makers
C)the behavior of the economy as a whole
D)how to use the fewest natural resources to produce goods and services
E)government's role as a producer in the economy

Question

Quizplus · Accepted Answer

Microeconomics is the study of the economic behavior of individual decision makers, such as consumers, firms, and households, and how they make choices and interact with one another in markets. It focuses on the behavior of small units within the economy, rather than the economy as a whole.

Microeconomics Is the Study of