Microeconomics is concerned with:

A) the aggregate or total levels of income,employment,and output.
B) a detailed examination of specific economic units that make up the economic system.
C) positive economics,but not normative economics.
D) the establishing of an overall view of the operation of the economic system.

Microeconomics

The part of economics concerned with (1) decision making by individual units such as a household, a firm, or an industry and (2) individual markets, specific goods and services, and product and resource prices.

Economic Units

Entities such as individuals, households, and firms that make decisions about the allocation of resources and the consumption of goods and services.

Economic System

The organized way a society allocates its resources and apportions goods and services in the national community.