Please write 1 to 2 pages (between 650 and 700 words) research paper explaining the topic of your choice from the following list of topics. Pictures, graphs, and handwritten examples are not included in overall length of the paper. Be sure to include an opening and closing paragraph. The paper must be typed, double spaced, and 12 point font.
1. A cover page include only the exact research paper topic (from the following topics) and your name- 10 points
2. Length- 40 points.
3. Detail of explanation- 40 points.
4. Accuracy of explanation- 40 points.
5. Examples (and diagrams if applicable) – 10 points
6. Reference – 10 points.
Total: 150 points.
1. Explain the consumer and the producer surplus. Under which condition the combined area of both surpluses can be maximized?
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