MICROECONOMICS

The study of macroeconomic relationships assists managers in making business decisions in relation to the generally economy. The study of microeconomics, however, can assist managers in making decisions on a firm- specific level.

Microeconomic analysis can help a manager make the most competent use of the limited resources under his or her management by predict the association between supplies and insist.  Further, microeconomic principles can be used

To set production levels to maximize minimize costs, revenues, and determine suitable price for products and services.