Question:
What do you understand by Micro-Economics?
What do you understand by Micro-Economics?
Show Hint
Microeconomics focuses on the behavior of individual economic agents and markets.
Updated On: Nov 5, 2025
Hide Solution
Verified By Collegedunia
Solution and Explanation
Microeconomics deals with the study of individual economic agents, such as households, firms, and industries, and how they make decisions regarding the allocation of resources and the pricing of goods and services.
Was this answer helpful?
0
0
Top Questions on Microeconomics
- Explain the determination of equilibrium price with the help of a diagram.
- HBSE Class 12 - 2026
- Economics
- Microeconomics
- Explain the law of diminishing marginal utility with schedule.
- HBSE Class 12 - 2026
- Economics
- Microeconomics
- Distinguish between change in quantity demanded and change in demand.
- HBSE Class 12 - 2026
- Economics
- Microeconomics
- Define opportunity cost with an example.
- HBSE Class 12 - 2026
- Economics
- Microeconomics
- State one reason for a rightward shift in demand curve.
- HBSE Class 12 - 2026
- Economics
- Microeconomics
View More Questions
Questions Asked in UP Board XII exam
- Find the unit vector perpendicular to each of the vectors (\( \vec{a} + \vec{b} \)) and (\( \vec{a} - \vec{b} \)) where \[\vec{a} = \hat{i} + \hat{j} + \hat{k}, \, \vec{b} = \hat{i} + 2\hat{j} + 3\hat{k}.\]
- Show that the function \( f(x) = 7x^2 - 3 \) is an increasing function when \( x>0 \).
- UP Board XII - 2026
- Application of derivatives
- The radius of an air bubble is increasing at the rate of \(\frac{1}{2} \, \text{cm/s}\). At what rate is the volume of the bubble increasing while the radius is 1 cm?
- UP Board XII - 2026
- Application of derivatives
- If three vectors \(\vec{a}\), \(\vec{b}\) and \(\vec{c}\) satisfying the condition \(\vec{a} + \vec{b} + \vec{c} = 0\). If \(|\vec{a}| = 3\), \[|\vec{b}| = 4 \text{ and } |\vec{c}| = 2, \text{ then find the value of } \vec{a} \cdot \vec{b} + \vec{b} \cdot \vec{c} + \vec{c} \cdot \vec{a}.\] 5
- Prove that (4, 4, 2), (3, 5, 2) and (-1, -1, 2) are vertices of a right angle triangle.
View More Questions