Why in microeconomics do we measure production in terms of quantity, but in macroeconomics we measure production
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
In microeconomics we focus on a particular market a...View the full answer
Answered By
Madhvendra Pandey
Hi! I am Madhvendra, and I am your new friend ready to help you in the field of business, accounting, and finance. I am a College graduate in B.Com, and currently pursuing a Chartered Accountancy course (i.e equivalent to CPA in the USA). I have around 3 years of experience in the field of Financial Accounts, finance and, business studies, thereby looking forward to sharing those experiences in such a way that finds suitable solutions to your query.
Thus, please feel free to contact me regarding the same.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Micro Economics questions
-
In microeconomics, we expect the supply curve for the firm to slope upward to the right when drawn against price. The classical aggregate supply curve is based on this microeconomic theory of the...
-
In West Bend, Indiana, there are exactly two kinds of workers. One kind has a (constant) marginal product worth $10 and the other kind has a (constant) marginal product worth $15. There are equal...
-
Why do we measure short-run output Y in percentage terms rather than in dollar terms?
-
Which sets of lines can be removed without stopping the code from compiling and while printing the same output? (Choose three.) A. Lines 15 and 17 B. Lines 16 and 23 C. Lines 17, 18, and 22 D. Line...
-
A stream containing 5.15wt% chromium Cr is contained in the wastewater from a metal finishing plant. The wastewater stream is fed to a treatment unit that removes 95% of the chromium in the feed and...
-
A beam of electrons is incident upon a gas of hydrogen atoms. a. What minimum speed must the electrons have to cause the emission of 656 nm light from the 3 2 transition of hydrogen? b. Through what...
-
What are the components of a statechart diagram?
-
Following are sales and administrative cost data for Big Jack Burgers for the last four months: Administrative cost is a mixed cost, and sale is a potential cost driver. REQUIRED A. Using the...
-
The Fielding Company is preparing its cash payments budget. The following items relate to cash payments the company anticipates making during the second quarter of the upcoming year. (Click the icon...
-
The graph below displays the sample sizes and percentages of people in different age and gender groups who were polled concerning their approval of Mayor Ford's actions in office. The total number in...
-
Draw a Lorenz curve showing the distribution of income for the five people in the following table. Name Annual Earnings Lena..........................................$70,000...
-
Is the value of a house built in 2006 and resold in 2017 included in the GDP of 2017? Briefly explain. Would the services of the real estate agent who helped sell (or buy) the house in 2017 be...
-
Find all the singularities in the finite plane and the corresponding residues. Show the details. 8/1 + z 2
-
True or False: AW can be applied as either a ranking method or as an incremental method.
-
True or False: The capital recovery cost is the uniform annual cost of the investment less the uniform annual worth of the salvage value.
-
True or False: Unless non-monetary considerations dictate otherwise, choose the mutually exclusive investment alternative that has the greatest annual worth over the planning horizon.
-
A running mountain lion can make a leap 10.0 m long, reaching a maximum height of 3.0 m. a. What is the speed of the mountain lion just as it leaves the ground? b. At what angle does it leave the...
-
In punting a football, the kicker tries to maximize both the distance of the kick and its hang timethe time that the ball is in the air. A kicker gets off a great punt with a hang time of 5.0 s that...
-
What styles of accounting system documentation are available for auditors to choose from? What will the choice depend on?
-
What is a content filter? Where is it placed in the network to gain the best result for the organization?
-
In a column in the New York Times, Uwe Reinhardt, an economist at Princeton, compared health care spending in Germany and the United States: Total national health spending in Germany. . . amounted to...
-
What is counterparty risk? How is it different for forwards and for futures?
-
Suppose that Daimler AG, which manufacturers Mercedes-Benz automobiles, sells 5 million worth of automobiles to U.S. importers. Assuming that the current exchange rate is $1.22 = 1 and Daimler agrees...
-
Inventory costs are most likely to be shown as which type of data
-
A company manufactures several products that originate in a joint process and are separated at a split-off point. Which one of the following methods of joint-cost allocation would allocate the same...
-
Concepts What is the difference between determining the break-even point in units and determining the required sales in units for a target net income? To determine the break-even point in units you...
Study smarter with the SolutionInn App