Question

How does the microeconomic environment affect your daily life? What can you do to live a...

How does the microeconomic environment affect your daily life? What can you do to live a better life after completing this course?

Homework Answers

Answer #1

Every choice that we make is affected by microeconomics-the problem of choice.Resources are limited like time,and we have to decide what is best possible way to allocate time between various tasks to be most productive.

After completing this course I learnt about rationality and how should we allocate our budget to different items.I understand the difference between utility and need and I make decisions considering both.I believe I've become a more rational consumer after completing this course.

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
What do you think it means to live "the good life?"  How does the concept of "the...
What do you think it means to live "the good life?"  How does the concept of "the good life" relate to morality?
What does it mean to “age?” How can you ensure that you live and age well...
What does it mean to “age?” How can you ensure that you live and age well over the course of a lifetime? How can you minimize your risk of age-related disease? How can we encourage the older people in our families/communities to take care of their health and enjoy the latter years of their live
What impact does increased life expectancy have on social environment? Do you think life expectancy will...
What impact does increased life expectancy have on social environment? Do you think life expectancy will continue to increase throughout the 21st century? Explain your answe in detail . Be sure to include some of the challenges people face with aging and why this matters to psychologists.
What is "doing being ordinary" in your life? How do your perform "ordinariness" on a daily...
What is "doing being ordinary" in your life? How do your perform "ordinariness" on a daily basis?
How addiction might affect you in your work environment?
How addiction might affect you in your work environment?
How does the heat affect your studying? What advice do you have for studying in hot...
How does the heat affect your studying? What advice do you have for studying in hot weather? How might global warming affect your income potential?
As you live your life, what system of ethics do you incorporate in deciding what actions...
As you live your life, what system of ethics do you incorporate in deciding what actions you should perform? Explain why you have adopted this system, and also include some criticism others might have if your position.
how can you use Time Managment and Procrastination in your daily life to become more successful...
how can you use Time Managment and Procrastination in your daily life to become more successful (one paragraph)   
In which area of your daily life do mass communication and other forms of communication overlap?...
In which area of your daily life do mass communication and other forms of communication overlap? How has mass communication become integral to the things you do? What is your preferred media channel for communication? Refer to 2 specific examples from your course reading and record in your assignment information about each source, including author, year, page number, and publication title.
Everything we do in a business environment is done with a strategic purpose. Your taking this...
Everything we do in a business environment is done with a strategic purpose. Your taking this course is to complete a degree program and better your opportunities for career advancement. At least for most of you. For others it might be purely personal. So in a sense, you’re all trying to better each other for “that” job. Moving forward, from a strategic standpoint: 1. What are you going to do to beat every other person in this course, out for...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT