Explain basic distinction between microeconomic analysis/ Managerial Economics
Q1 Assume an individual is considering opening a new car dealership in a medium-sized metropolitan area (population = 200,000). Provide a list of economic variables you would recommend that the person consider in making his decision whether to open the business, and explain your rationale for including each variable.
Q2 List and describe the sources of spending in the economy by focusing on the four major sectors of the economy.
Q3 Explain the basic distinction between microeconomic analysis and macroeconomic analysis. Describe the types of issues that each branch of analysis focuses on.
