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A: Microeconomics is concerned with individual economic units whereas macroeconomics is the study of…
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A: Microeconomics is the branch of economics that deals with households, firms, owners etc.
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A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…
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- 5. Illustrate the differences between microeconomics and macroeconomics?5A. Explain how microeconomics differs from macroeconomics. Which of the following headlines, taken from the various issues of The Daily Graphic, deal with microeconomics:“Nestle Ghana posted a 18% increase in sales”“GRIDCO plans to slash more jobs”“Ghana’s Output Grew by 5.8%”“Housing starts soared 10% in September”“Ghana to Breach key Deficit Target it helped to create” Explain each issue why it is a microeconomic issue5.B Justina owns the Just’s Sobolo Store. She charges GHS10 per bottle for her handmade sobolo. You, the economist calculated the elasticity of demand for sobolo in her town to be 2.5. If she wants to increase her total revenue, what advice will you give her and why? Be able to explain your answer.Discuss ONE idea from the course so far that you find most interesting and actually useful in real life subject :- Microeconomic This is just a disscussion
- Does microeconomics have a greater impact than macroeconomics on the farm manager. Explain?1. Explain the difference between micro economics and macroeconomics. 2. Demonstrate an understanding of the coordinate system by using it to outline the relationship between economic variables.Hi, this is for our Microeconomics course. We are tasked to analyze following items (a, b, and c). Please help me.