Question

How will what have you learned in microeconomics be useful to you in the future? Do...

How will what have you learned in microeconomics be useful to you in the future? Do you think it will help you in future classes? your careers?

Homework Answers

Answer #1

Microeconomics helps a person to understand and analyse the mechanisms of a market. So they are of great use both for the producers and for the consumers.

Future use of Microeconomics for a person running a firm can be to understand the level of optimal production and avoid wastage of resources. This will help that person to earn profits.

Also if a person is a part of government, then knowledge of Microeconomics will help that person to deal with the issues of unemployment, growth, inflation.

Yes, it will be helpful for the future classes also by giving them knowledge about market mechanisms, problems prevailing in the economy. Through all this information, future classes will be able to work in the direction of growth of economy.

It is very useful for careers like running a business, policy makers.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Discussion one topic in microeconomics that you have learned that interested you the most. What did...
Discussion one topic in microeconomics that you have learned that interested you the most. What did you find interesting about the topic? Why? Pick one of these topics below 1: Tax incidence and price controls was the most 2: Government tax policies and how they relate to elasticities, government set price ceilings and price floors. 3: Concept of the market system
Given what you have learned in this class, what do you think the PEI government should...
Given what you have learned in this class, what do you think the PEI government should do to promote entrepreneurship? Or if you think the government shouldn't do anything, please explain why.
(COURSE) MKTG2270 Please share with us what you have learned in this course and how you...
(COURSE) MKTG2270 Please share with us what you have learned in this course and how you will apply it to your future endeavors in your career?
What is one of the most important "take-aways" that you have learned from digital marketing ?...
What is one of the most important "take-aways" that you have learned from digital marketing ? How will it help you in the future?
What concepts have you learned in this managerial accounting course? Specifically, how can you use these...
What concepts have you learned in this managerial accounting course? Specifically, how can you use these concepts in future courses and in your career?
How has your perspective changed about others given what you have learned about interpersonal relationships? How...
How has your perspective changed about others given what you have learned about interpersonal relationships? How might this be used to develop empathy toward others? Given what you have learned about your own personality characteristics (e.g., stress, coping, shyness, loneliness) what have you identified as changes that might benefit you in the future?
As we near the end of this course, think of what you have learned and respond...
As we near the end of this course, think of what you have learned and respond to the following questions for this discussion; What do you think are the key challenges affecting human service organizations today?  How well are our organizations and professions adapting to a dynamic environment? Be specific with examples to support your response.
Microeconomics: In your opinion are sports leagues monopolies? Do sports stadiums create total surplus for local...
Microeconomics: In your opinion are sports leagues monopolies? Do sports stadiums create total surplus for local economies? Do they create deadweight loss? Do you think local governments should help pay for stadiums?
Based on what we have learned and read thus far, do you think the United States'...
Based on what we have learned and read thus far, do you think the United States' is competitive in the global market? Explain your answer in terms of the US's resources and capabilities, and the informal and formal institutions present in the country.
Based on what we have learned and read thus far, do you think the United States'...
Based on what we have learned and read thus far, do you think the United States' is competitive in the global market? Explain your answer in terms of the US's resources and capabilities, and the informal and formal institutions present in the country.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT