please write an experience which related to the microeconomics terms

Relax! Stop worrying about deadlines and let our professional writers help you. Hire an essay writer helper and receive a professional assignment before your deadline. We provide writing services for all types of academic assignments.


Order a Similar Paper Order a Different Paper

PLEASE WRITE AN EASSY ABOUT YOUR OWN EXPERIENCE/OBSERVATION FROM REAL LIFE THAT IS BASED ON ECONOMIC CONCEPTS FOLLOWING:

OPPORTUNITY COST:WHAT IS THE OPPORTUNITY COST OF any activity?

ELASTICITY AND TIME HORIZON: buying an expensive air ticket in an emergency situation compared to a longer period to plan a trip and more flexibility /response to price changes.

DIMINISHING MARGINAL UTILITY

SUNK COST

ETC….

MOST LIKELY STORY (WHICH IS PERFECTLY FINE) IS where you compare the additional (marginal) cost versus the marginal benefit and then make a decision as to whether it is worthwhile doing that activity or not.

COMBINATION OF DIFFERENT CONCEPTS IN 1 STORY: E.g. I mentioned in class today (wed, May 22) how my Willingness to pay for the BTS concert in NY City was high.I was prepared to pay $400 (MC). However combined with the expensive Airline ticket ($900), I had to consider my budget constraint. The short time horizon made the price inelastic. I was also frustrated about lack of competition in Airlines industry.

PROVIDE A BRIEF CONCLUSION ABOUT THE STORY

Great students hand in great papers. Order our essay service if you want to meet all the deadlines on time and get top grades. Professional custom writing is the choice of goal-focused students. Word on the online streets is... we're simply the best!

Get a 15% discount on your order using the following coupon code SAVE15


Order a Similar Paper Order a Different Paper