ECON 545 Week 2 DQ 1, Perfect Competition
Read the Making the Connection short case titled In the Apple iPhone Apps Store, Easy Entry Makes the Long Run Pretty Short in Chapter 12 of our textbook, and also be sure to watch the video right under the Making the Connection title (maybe a few times). Then post your first posting this week beginning to discuss what you’ve read and watched in the video. Then work on Problems and Applications 5.9, at the end of Chapter 12, answering and discussing the questions in that exercise.
ECON 545 Week 2 DQ 2, Costs
Read the Making the Connection short case titled Adam Smith’s Famous Account of the Division of Labor in a Pin Factory in Chapter 11 of our textbook, and also be sure to watch the video right under the Making the Connection title (maybe a few times). Then post your first posting this week beginning to discuss what you’ve read and watched in the video. Then work on Problems and Applications 3.7, at the end of Chapter 11, answering and discussing the question in that exercise.
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