Unit ii essay mba 6053 | MBA 6053 – Economics for Managers | Columbia Southern University

      Unit I introduced the benefits of markets to improving outcomes for  producers and consumers. Unit II examined the role of costs and prices  in decision-making. For this 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 journal articles using the CSU Online  Library (or other sources).      

  1. 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 United States Department of Agriculture website has a good resource to help with this. 
  2. Describe how marginal analysis, by avoiding sunk costs, leads to better pricing decisions. 
  3. Explain the importance of opportunity costs to decision-making and how opportunity costs lead to trade. 
  4. 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. 

    Your essay must be at least three pages in length (not counting the  title and references pages) and include at least three peer-reviewed  resources. Adhere to APA Style when writing your essay, including  citations and references for sources used. Be sure to include an  introduction. Please note that no abstract is needed.           If you need help identifying peer-reviewed publications, review the CSU Online Library resources      Peer-Reviewed Resources and      video How to Find Peer-Reviewed Resources (     Transcript for Peer-Reviewed Resources video).           Refer to the       Sample Paper with Proper APA Formatting               first introduced in the Unit I Lesson for formatting purposes.