Micro or Macro

An entrepreneur considering which type of business to start

• Micro

• Macro

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

• Micro

• Macro

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

• Micro

• Macro

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

• Micro

• Macro

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

• Micro

• Macro

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

• Micro

• Macro

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

• Micro

• Macro

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

• Micro

• Macro

a household considering the economic costs of raising a child

• Micro

• Macro

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

• Micro

• Macro