Question

Historical background of microeconomics...Explain briefly

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Answer 1

Answer:

Microeconomic study historically has been performed according to general equilibrium theory, developed by Léon Walras in Elements of Pure Economics (1874) and partial equilibrium theory, introduced by Alfred Marshall in Principles of Economics (1890).

Microeconomics is the study of the behaviour of individuals and small impacting organisations in making decisions on the allocation of limited resources. The modern field of microeconomics arose as an effort of neoclassical economics school of thought to put economic ideas into mathematical mode.

Answer 2

Answer:

I am also fine ;)

same to you (≡^∇^≡)

what are you doing?

have a great day ಥ‿ಥ