ECON 105 (ECON-105)
Central Ohio Technical College
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ECON-105-Hw 1-Economic Study
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ECON-105 Microeconomics
Answers and Explanations for the following questions:
1) Explain the basic ideas of microeconomics.
2) Explain what “economics” means from the perspective of the individual, a business, and society.
3) Explain the concepts of scarcity, economic value, and opportunity costs.
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ECON-105-Hw 1-Economic Study
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ECON-105 Microeconomics Answers and Explanations for the following questions: 1) Explain the basic ideas of microeconomics. 2) Explain what “economics” means from the perspective of the individual, a business, and society. 3) Explain the concepts of scarcity, economic value, and opportunity costs.
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