Discussion (WK5)

Discussion (WK5) - learners Welcome to Week 5 We have a lot...

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Discussion (WK5) This week we’ll look at Business Week . Click here for the Business Week Website .   You’ll find one (or several articles) to analyze from the economic perspective. After reviewing and analyzing one current events article, post your analysis and/or comments to your classmates below. For full credit, review three of your classmates postings and reply to them as well. If you're the first to enter the Discussion there will only be a Respond button. Otherwise, you will see others' posting below. Click on the + Expand All button to view all of the entries made by your fellow
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Unformatted text preview: learners. Welcome to Week 5. We have a lot to discuss this week, following from last week’s readings. Our focus will be on Long Run Costs and Labor Inputs. Please do not hesitate to let me know how I can be of assistance to you. Let’s say a farmer is producing corn and the price of corn is $5. If the marginal cost of producing corn is $7, should the farmer produce more corn or less corn? How would you use the Marginal Principle to answer this question? Ron_Knapp_D5.doc...
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