Câu 1: which is more important, macroeconomics ỏ microeconomics?

Microeconomics is the study of the behavior of consumers, businesses, and households involved in the
economy.
EG: Research on user tastes when spending budget is limited
Macroeconomics is the study of the economy as a whole, including both national and international.
EG: Research and statistics on the total supply and demand of a product in a certain period.
==> They are of equal importance and closely related. Whereby: Macroeconomic outcomes depend on
microeconomic behavior Macroeconomics will create corridors, environment and create conditions for
micro-economic development. Accordingly, the economy that wants to develop must depend on the
development of businesses and economic cells. In contrast, the behavior of businesses, economic cells
will be directly or indirectly affected by macroeconomics.
Câu 2: Does perfect competition exist in reality?
No. Perfect competition is an economic model described as an ideal model of a “market economy”, where
no single “producer” or “consumer” has the right or ability to dominate the “market” affect price.
- Because each member of the market has a certain degree of power sufficient to influence the price of the
product, depending on the manifestation of this form of competition, the way it affects prices will be
different.
- Reasons: (3/5)
+ Companies selling undentical products
+ Companies cannot influence in prices they change for these products
+ Market share does not affect the price of the product
+ Everyone is equally informed
+ Firms can enter or exit the market without incurring any costs.
EXAMPLE: Two supermarket BigC and Coopmark in Viet Nam compete for business when selling and
displaying the some group of argricultural products from the companies. There is little difference to
distinguish the products between the two supermarkets and their prices are still almost the same.
Cau 3: Does the law of supply and demand work in labour market?
Yes.
- Supply is the labor power that the laborers will voluntarily offer for exchange in the market.
- Demand is the quantity of labor to be hired in the labor market; is the "total demand" for "labor" of a
country (of an economy), or of an industry, locality or enterprise...
*How the law of supply and demand works
1.Employers must build a mechanism of remuneration, stimulation and motivation for employees in
accordance with the development of the enterprise and society, in which wages, bonuses
2.Human capital
3.Based on the price of labor power, which is expressed through the state of the contractual relationship
between the employee and the employer regarding wages and salaries. When supply is greater than
demand, the price of labor can be low and vice versa
4.Relying on different segments and segments of the market
5.The position of workers is achieved when negotiating the contents of the labor contract.
*There are also some features
-Young workforce, ability to absorb technology quickly, accept low salary
-Enterprises have not met the quality of work
-Low level of expertise
-Market size is still limited
- BECAUSE: A labor market with favorable trading conditions between labor supply and demand will
also stimulate or attract investors.
EG: a worker has mvp = 15 dollars then employers want to hire him if the market wage is less than or
equal to 15 dollars.
Cau 4: How are fixed costs difference from variable costs?
- Fixed costs are the parts of business cost that do not change with production scale, if considered within a
certain production capacity framework.
- Variable costs are costs that vary proportionally depending on the market or affected by the volume of
good or services a business.
*The situations happening when increasing production.
-The case of constant returns to scale if output is increased by an amount equal to the rate of change in
input.
EG: TỰ NGHĨ
Diseconomies of scale is a situation that occurs when a company grows so large that its cost per unit
increases as output increases
EG: When the restaurant expands without good financial management leading to its closure.
Economies of scale are the cost advantages that can occur when a company scales up production and
becomes more efficient, resulting in reduced costs per unit.
EG: With large supermarket chains having more cash in the bank and a larger number of customers, they
are able to buy large quantities of goods from suppliers, resulting in a lower cost per unit than single
stores.