Test economic theory and then apply it. Microeconomics utilizes empirical research to help answer two critical questions often asked, "Do people and firms really act as theory suggests?" and "How can someone use microeconomics in a practical way?"
Test economic theory and then apply it. Microeconomics utilizes empirical research to help answer two critical questions often asked, "Do people and firms really act as theory suggests?" and "How can someone use microeconomics in a practical way?"