This is the website of the news source of the project that I was assigned to do: http://www.wsj.com/articles/restaurant-chains-get-…
In the instruction, the economic principles that were discussed in class are: Economic Incentives, Economic Models (People are rational), Marginal Analysis, Scarcity, Opportunity Costs, Comparative Advantage, Absolute Advantage, Law of Demand,Law of Supply, Marginal Utility, Diminishing Marginal Utility, Price floor, Price Ceiling, fixed Cost, marginal Cost, Variable Cost, Implicit Cost, and Explicit Cost. That’s about it.
Those are just the concepts that we have learned, you don’t have to mention a lot of them, but nothing more than those.
It doesn’t have to be long.
Let me know if you need any more information. 🙂
Thank you!!
