Project description
You are selecting a product or service and apply economic principles we are covering so for instance, you can select the Apple IPhone and analyze the principles of
supply and demand or the market structure that the product is in. Principles of Microeconomics, v. 1.0.1
Digital All Access Pass by Libby Rittenberg and Timothy Tregarthen
adapted by: Jeff Slattery (v1.0.1 – Published)
Microeconomic theory that includes reading Rittenbert, L., & Tregareth, T. (2009). Principles of Microeconomics topic Marginal and Maximal Utility. Describe and
illustrate the concept of marginal utility and how utility maximization impacts consumer choice and eventually production. Include a minimum of one scholarly peer
reviewed journal references (word count 300-400 words). Providing further research beyond the textbook (100-200 word count range). Utilizing the economic principles
discussed to this point in the course, Scarity:choives in production, Demand and Supply, Elasticity:a measure of response, Markets, Maximizers and Efficiency. Select a
product or service and analyze that product including at least two graphs and two equations. In addition, integrate a minimum of three Biblical principles with
Scriptural references. Compose the research paper in accordance with APA standards; cite a minimum of five scholarly peers reviewed journal articles and two
commentaries or theological journal references (word count range 1000-1500).
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