Which of the following is not a variable of micro economics?

Equilibrium price in a market

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Supply curve of individual firm

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National income

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Marginal utility of goods to consumers

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Solution

The correct option is D National income
Micro economics deals in the study of individual units whereas national income is a macro variable as it is related to the whole economy.

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Similar questions

How does an increase in the number of firms in a market affect the market supply curve?

Q. Fill in the blanks with appropriate alternatives given in the brackets.

1) The terms Micro and Macro Economics were first used by _______________. (Adam Smith/ Robbins/ Ragner Frisch/ Marshall).

2) Micro Economics is a study of _________. (Whole economy/ general price level/ National output/ Individual economic unit).

3) Micro Economics is also called as ________________. (Income theory/ Price theory/ Growth theory/ Employment theory)

4) Micro Economic analysis adopts __________________ method. (lumping/ aggregative/ Slicing/ inclusive)

5) Micro Economics is a __________________________ equilibrium approach. (partial/ general/ total/ multi-variable).

Q. The total utility is a good measure of a goods price.

Q. Do you agree with the following statements? Give reasons.
i) Micro Economics studies behaviour of individual unit.
ii) Micro Economics is known as income theory.

State the following statements are true or false.
1) Macro-Economics is known as income analysis.
2) Increase in national income is a Micro- Economic goal.
3) Macro-Economic adopts lumping method.
4) Study of price determination is a subject matter of Macro-Economics.
5) Micro-Economics deals with the study of aggregates.
6) National output is an example of macro variable.

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Which of the following is not a variable of micro economics?

The correct option is D National incomeMicro economics deals in the study of individual units whereas national income is a macro variable as it is related to the whole economy.

The correct option is D National income
Micro economics deals in the study of individual units whereas national income is a macro variable as it is related to the whole economy.