The study of how a particular firm might choose to maximize its profits would fall into what type of analysis?
A) macroeconomics
B) microeconomics
C) political economics
D) aggregate economics

Question

Quizplus · Accepted Answer

Microeconomics is the study of individual economic units, such as households and firms, and how they make decisions to allocate scarce resources. Maximizing profits is a fundamental goal of most firms, so understanding how a particular firm might choose to do so falls under the realm of microeconomics.

The Study of How a Particular Firm Might Choose to Maximize