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Briefly stated, microeconomics is about individual decision makers, whereas macroeconomics is about the aggregate effect of all decision makers. However, this simple distinction does not adequately describe how macroeconomics differs from microeconomics. For this assignment you need to identify and describe three differences between macroeconomics and microeconomics.
For each of the three examples, give one of the following to help illustrate the difference between microeconomics and macroeconomics:
A good essay would have at least 100 words for each part of this assignment (at least 300 words total). In addition, it should be written well using correct grammar. Please submit your responses in a cohesive essay via a Microsoft Word document here.
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According to Merriam-Webster, optimization is the process or methodology of making something as fully perfect, functional, or effective as possible; specifically: the mathematical procedures (as finding the maximum of a function involved in this) ..
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