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Give reasons.
Microeconomics studies individual economic units.

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Solution

Microeconomics studies individual economic units because it deals with:
1) the decision making of individual consumers and individual firms.
2) the pricing of individual factors of production such as land, labour, capital and entrepreneur.

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Q. Give reasons or explain:
Micro Economics studies behaviour of individual economic unit.

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Micro Economics deal with the study of individual units

Q. Explain with reasons whether you agree or disagree with following statements.
Macro-Economics deals with the study of individual behaviour. Or
Macro-Economics studies small units.

_______ studies the behavior of individual economic units of an economy

Q. Give reasons or explain the following statements.

1) Micro Economics is also known as price theory.

2) Micro Economics studies individual economic unit.

3) Micro Economics analyses partial equilibrium.

4) Micro Economic theories are based on certain assumptions.

5) Marginalism principle is used as a tool of analysis in micro economics.

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