Micro or Macro

An entrepreneur considering which type of business to start

A farmer deciding how best to allocate farmland to different crops or the rearing of farm animals

Firms investigating the prices being charged by their rivals in order to set their own prices

firms considering the economic profits of difference choices before making a decision

firms deciding on the best combination of factors of production to use in the production process

how internal and external economies of scale can affect a firm’s scale of operations

consideration of the different reasons for firms to adopt labour-intensive or capital-intensive production methods

the advantages and disadvantages of small firms versus the advantages and disadvantages of different types of merger (horizontal, vertical and conglomerate)

a household considering the economic costs of raising a child

workers deciding how to allocate their time and energy based on consideration of opportunity costs