Question

Microeconomics is the branch of economics that deals with which of the following topics? 

Answer 1

Microeconomics is the branch of economics that deals with the behavior of individual consumers and the behavior of individual firms and investors.

Microeconomics – concerned with individual markets and small aspects of the economy. Economics is a large topic that is concerned with optimum resource allocation within society. There are several different divisions within the subject which focus on different aspects. There are several various schools of thinking that typically have varying opinions on economic aspects. For example, if you take the study of developing economies, this involves both looking at micro-aspects of development (agricultural markets) and macro-aspects like growth.

there are two branches of economics:

Through researching finite resources, money values, and selling and seeking goods and services, most people are exposed to microeconomics. Microeconomics, for example, is used to describe why a good's price continues to increase when its production falls, and all other factors are equal. Such findings have clear effects for consumers, manufacturers, companies and governments. However, the basic principles of microeconomics as a science are neither model-based, nor quantitative. Alternatively, microeconomics argues human actors are moral and use limited resources to accomplish purposeful ends. The complex relationship between scarcity and choice is helping economists discover what is important to humans. Exchange, demand, prices, profits, losses and competition arise when humans voluntarily associate with each other to achieve their separate ends. In this sense, microeconomics is best thought of as a branch of deductive logic; models and curves are simply manifestations of these deductive insights.