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Studying how a student allocates his/her period between school and video games is an example of Microeconomics.
What is meant by Microeconomics?
Microeconomics is a subfield of traditional economics that examines how people and businesses behave when deciding how to distribute scarce resources and how these people and businesses interact. Microeconomics, as the prefix suggests, examines the economy on a small scale, such as the financial choices made by individual people.
Following are some illustrations of microeconomics: how a neighborhood business chooses to spend its money. how a city chooses to use an excess of government funds. The following are the top three ideas in microeconomics: Demand elasticity. marginal demand and utility. availability flexibility. Microeconomics is the study of how people, households, and businesses make decisions and distribute resources. It mainly pertains to markets for products and services and addresses both personal and financial concerns.
Hence, Studying how a student allocates his/her period between school and video games is an example of Microeconomics.
To learn more about Microeconomics refer to:
https://brainly.com/question/3539237
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