________ is the cost of any activity measured in terms of value of the next best alternative forgone.

All important decisions regarding production, exchange and consumption of goods and services are made by the

Micro economics explains

The distinction between micro and macro economics was emerged after

Individual economic analysis does not deal with

Opportunity cost is called the

__________ is not the subject matter of micro economic

___________ studies whether resources are efficiently allocated.

The term economics derived from the Greek word namely

____________are the branches of micro economics.