What Is Rational Behavior In Microeconomics?

Is Microeconomics the study of aggregate behavior in the economy?

  • Is it right or wrong?

  • Answer:

    Micro Economics is relative to isolating individual activity or process. For example: ( Micro) How many tomatoes can a person harvest in one hour?. ( Macro) How many tons of tomatoes are harvested for production?

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no, macro studies the economy as a whole. To Aggregate means to add everything up. Micro studies individual units.

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