BA540 Managerial Economics, assignment help

BA540 Managerial Economics

Skousen, M. (2013). Economic Logic. Fourth Edition. Regnery Publishing

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ISBN 9781621572220

Opportunity Cost & Price Ceilings 150 Words

Hello Class! For this discussion you can choose which question you respond to.  Feel free to respond to both, however only one is required. Please respond to ONE of the following questions:

Question A

Problem 6 in the “Problems to Ponder” section at the end of chapter 7 asks you to consider two definitions of opportunity cost. Explain the meaning of both of them. Discuss.

Question B

Problem 8 in the “Problems to Ponder” section at the end of chapter 6 is an application of price ceilings on consumer goods. What would be the effect of such a policy? Discuss.

Please respond to the initial question by day 5 and be sure to post two additional times to peers and/or instructor by day 7.The initial post by day 5 should be 75 to 150 words, but may go longer depending on the topic.If you use any source outside of your own thoughts, you should reference that source.Include solid grammar, punctuation, sentence structure, and spelling.

Grading Criteria

Maximum Points

In your initial post, clearly present well-reasoned ideas and concepts.

25

Post to at least two additional students or the instructor reflecting on the other participants’ postings. You should actively participate in the discussion.

10

Total

35

 
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