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a) Microeconomics is concerned with decision-making within the firm, household or on the individual level, but macroeconomics is concerned with the behavior of the whole economic system.
b) Economic goals are opposite with one another, but may be conflicting with other social goals.
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discus how opportunity cost influence supplier''s decision to supply labour
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Allocative Efficiency The production of products and services such that stages of production are closely tied to levels of customer demand.
houthukkar analysis in micro economics
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