State whether the following statement is TRUE or FALSE.Micro Economics

1.	State whether the following statement is TRUE or FALSE.Micro Economics studies theory of firm.Options TRUE FALSE
Answer» True Microeconomics studies the behaviour of individual units. Accordingly, a firm being an individual unit, its behaviour is studied under microeconomics. Microeconomics studies prices of commodities and factors of production in both the consumer and factor markets.

State whether the following statement is TRUE or FALSE.Micro Economics studies theory of firm.Options TRUE FALSE

Answer»

True

Microeconomics studies the behaviour of individual units. Accordingly, a firm being an individual unit, its behaviour is studied under microeconomics. Microeconomics studies prices of commodities and factors of production in both the consumer and factor markets.

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State whether the following statement is TRUE or FALSE.Micro Economics studies theory of firm.Options TRUE FALSE

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