Forthis assignment, you will answer a series of questions in the form of an essay.Support your answers with research from at least three peer-reviewed journalarticles .
- Research elasticity information for two particular goods: one with an elastic demand and one with an inelastic demand. Using elasticity information you gather, predict changes in demand. The has a good resource to help with this.
- Describe how marginal analysis, by avoiding sunk costs, leads to better pricing decisions.
- Explain the importance of opportunity costs to decision-making and how opportunity costs lead to trade.
- Evaluate how better business decisions can benefit not just the producer but the consumer and society as a whole. In your evaluation, contrast the deontology and consequentialism approaches to ethics.
Youressay must be at least three pages in length (not counting the titleand references pages) and include at least three peer-reviewed resources.Adhere to APA Style when writing your essay, including citations and referencesfor sources used. Be sure to include an introduction. Please note that noabstract is needed.
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