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 Answer a series of questions in the form of an paper. Support your answers with research from at least three peer-reviewed journal articles

  1. Research elasticity information for two particular      goods: one with an elastic demand and one with an inelastic demand. Using      elasticity information you gather, predict changes in demand. The United States      Department of Agriculture website (https://data.ers.usda.gov/reports.aspx?ID=17825) has a good resource to help with this.
  2. Describe how      marginal analysis, by avoiding sunk costs, leads to better pricing      decisions.
  3. Explain the      importance of opportunity costs to decision-making and how opportunity      costs lead to trade.
  4. Evaluate how      better business decisions can benefit not just the producer but the      consumer and society as a whole. In your evaluation, contrast the      deontology and consequentialism approaches to ethics.

  

Must be at least three pages in length (not counting the title and references pages) and include at least three peer-reviewed resources. Adhere to APA Style , including citations and references for sources used. Be sure to include an introduction. Please note that no abstract is needed. 

Additional Details on the grading

Response reflects indepth consideration and personalization of the theories, concepts, and/or strategies presented. Viewpoints and interpretations are insightful. Response demonstrates synthesis of ideas presented.