Question

what is an example of microeconomics theory? theory of rent
theory of profit
theory of production
general theory
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Answer 1

Answer:

THEORY OF microeconomics

Microeconomics is the study of how individuals and businesses make choices regarding the best use of limited resources. Its principles can be usefully applied to decision-making in everyday life—for example, when you rent an apartment. Most people, after all, have a limited amount of time and money.

theory of profit

The functional theory of profit regards profit as a reward for a factor of production. Secondly the rent theory of profit regards profit as a residual income or as excess of price over costs. The institutional theory emphasises unearned nature of profit as monopoly profit.

theory of production

Theory of production, in economics, an effort to explain the principles by which a business firm decides how much of each commodity that it sells  it will produce, and how much of each kind of labour, raw material, fixed capital good, etc.,  

general theory

The General Theory is a sustained attack on the classical economics orthodoxy of its time. It introduced the concepts of the consumption function, the principle of effective demand and liquidity preference, and gave new prominence to the multiplier and the marginal efficiency of capital.

Explanation:

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