_____19. Which of the techniques is not employed in microeconomics? a. Models c. mathematics b. Dissection d.statistics _____20. Microeconomic Theory studies the economic behaviour of: A. Consumer C. Business firm B. A resource owner d. household

_19. Which of the techniques is not employed in microeconomics? a. Models c. mathematics b. Dissection d.statistics _20. Microeconomic Theory studies the economic behaviour of: A. Consumer C. Business firm B. A resource owner d. household

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

_____19. Which of the techniques is not employed in microeconomics?

a. Models c. mathematics

b. Dissection d.statistics

_____20. Microeconomic Theory studies the economic behaviour of:

A. Consumer C. Business firm

B. A resource owner d. household

Study of decisions made by households and business firms at an individual level. It includes several laws and theorems related to demand, supply, production, allocation of resources, and prices.

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