Project #122192 - Microeconomics

Answer the following questions in two paragraphs at least. 

 

1. What is opportunity cost? Why is it important? Can you give me an example of opportunity cost from your own life?

 

2. What are main differences between short run and long run in economics?

 

3. Compare and contrast a purely competitive firm with a monopolistic firm.

 

4. What is the most important concept you learned in your Introduction to Microeconomics class?

 

5. Should students use market supply and demand analysis when making decision about their majors? If yes, in what way? 

Subject Business
Due By (Pacific Time) 04/23/2016 12:00 am
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