Question

Which of the following are issues most explored in microeconomics? (Check all that apply.)

a. Measuring total revenues of a firm
b. Unemployment and inflation rates
c. The expenditures of a government entity
d. Measuring the price of specific goods
e. The level of public debt

Answer 1

The most explored issues in microeconomics  are  Measuring total revenues of a firm ,  The expenditures of a government entity,     Measuring the price of specific goods

The microeconomics problems are related to the individuals or firms and the revenue, price, and expenditure above one entity or firm or individual are solved in the microeconomics. Total revenues is determined by multiplying the amount of things sold by their price to determine a business's overall revenue.  Public consumption, public investment, as well as transfer payments made up of income transfers (pension, social benefits) and capital transfers are all examples of what is meant by "government expenditure." a measurement of the price of a group of items in a given year to a base year. Logic pricing point for a certain commodity or service will be determined by market forces of supply and demand at any given time, according to the microeconomic concept.

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