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⏩ Microeconomics

 Microeconomics is the branch of economics which deals with the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.

Few areas of our expertise in Microeconomics Homework Help:

• ·  Supply, Demand and Equilibrium
• ·  Measurement of Elasticity
• ·  Perfect Competition
• ·  Market Structure
• ·  Consumer Demand
• · Theory of Production
• ·  Costs of Production
• ·  Monopoly
• ·  Oligopoly            

Microeconomics is applied in various fields and areas of study.  In labour economics, it is applied in wages, employment and labour market dynamics. In the field of finance, it is applied in structure of optimal portfolios and rate of return of capital.

The most important application of microeconomics is Competition. It allows the customers to choose different producers when choosing a product. In the field of health economics, it is used in health care workforce and insurance policies. In every field like sociology, history, geography, psychology and political science microeconomics is applied.

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