microeconomics work sheet
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Complete worksheet
Unit 3
General Instructions for all Assignments
1. Unless specified differently by your course instructor, save this assignment template
to your computer with the following file naming format: Course number_section
number_Last_First_unit number
2. At the top of the template, insert the appropriate information: Your Name, Course
Number and Section, and the Date
3. Insert your answers below, or in the appropriate space provided for in the question.
Your answers should follow APA format with citations to your sources and, at the bottom
of your last page,
a list of references
. Your answers should also be in Standard
English with correct spelling, punctuation, grammar, and style (double spaced, in Times
New Roman, 12
–
point, and black font). Respond to questions in a thorough manner,
providing specific examples of concepts, topics, definitions, and other elements asked
for in the questions.
4. Upload the completed Assignment to the appropriate Dropbox.
5. Any questions about the Assignment, or format questions, should be directed to your
course instructor.
Assignment
In this Assignment, you will demonstrate your understanding of the Production
Possibility model, marginal opportunity costs, and the differences in marginal
opportunity costs. Additionally, you will demonstrate a clear understanding of the crucial
concept of supply and demand, and the impact on the original group caused by a
change in demand
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