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Microeconomics studies the relationship between the supply and demand of goods and their interaction in the formation of market prices.|Research consumer choice as consumers choose goods and services when budget is limited.|Study the quantity of goods the household has purchased and the number of hours of labor they have provided.|Studying corporate behavior such as decisions about input selection, the number of workers the firm hires, and the goods it sells.|Research market models such as perfect competition, monopoly or imperfect competition…|Objects and research contents of microeconomics2|As a sub-discipline of small-scale economics, microeconomics has specific research subjects and contents.|Microeconomics will provide knowledge for business managers to solve the following three basic problems:|Study the basic economic issues of each economic unit|Researching the rules and inevitable movement trends of micro-economic activities, the “defects” of the market economy and the role of the Government.|Research content of microeconomics|In microeconomics, the research content is focused mainly on important issues: Basic economic issues about markets, production and costs, profits and market supply decisions. inputs, limitations of the market economy and government intervention.
