Question

The method adopted in microeconomic analysis:

1. Lumping method
2. Aggregative method
3. Slicing method
4. Inclusive method

Options

• a, c and d

• a, b and d

• Only c

• Only a

• b, c and d

• a, b, c, and d

Answer 1

Only c

Explanation:

The method adopted in the microeconomic analysis is the Slicing method. Microeconomics is the study of the behaviour of individual units in the economy. For this purpose, the entire economy is sliced into several smaller units, and each unit is then analysed in detail.