Which of the following is an example of a microeconomic decision?
A) an individual deciding how to allocate the time he or she has for work and leisure
B) a small shoe factory deciding how much leather to purchase for the next quarter's production need
C) a multinational company deciding where to relocate its world headquarter
D) All of the above answers are correct.
D
Economics
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Building a new home on your land is an example of:
a. inflation b. private property rights c. a command economy d. traditional economics
Economics
Refer to the graph below for a purely competitive firm in the short run. The price of the firm's product is given by:
A. 0F/0C
B. 0G/0C
C. 0F/0B
D. 0E/0A
Economics