1. Current Events Related To Macroeconomics
150 words – summarize the article
150 words – summary to Macroeconomics. (use pdf to reference macroeconomic theory and concept related to article
Format : times new roman, 12 point pitch doble space
Emphasized spelling, grammar, punctuation
Do not copy the article. Follow grading rubric
Citation format: APA7 (article link)
2. Economic short response: Market Structure – Profit Maximization
(a) Explain in your own words how the law of diminishing returns will at some point yield lower per-unit returns. Additionally, explain its impact to profit maximization in a firm. (150 words)
(b) Give three real world examples of implicit costs associated with economic profit that are not included in this weeks materials.