Order ID:89JHGSJE83839 | Style:APA/MLA/Harvard/Chicago | Pages:5-10 |
Instructions:
The benefits of markets in enhancing outcomes for producers and consumers were introduced in Unit I. The role of costs and prices in decision-making was studied in Unit II. You will write an essay in response to a series of questions in this assignment. Use the CSU Online Library to back up your responses with research from at least three peer-reviewed journal articles (or other sources).
Look up elasticity data for two different goods: one with elastic demand and the other with inelastic demand. Predict demand changes using the elasticity data you’ve gathered. A helpful resource for this is the United States Department of Agriculture’s website.
Explain how marginal analysis leads to improved price decisions by avoiding sunk costs.
Explain why opportunity costs are important in decision-making and how they lead to trade.
Examine how improved business decisions can benefit not only the producer, but also the consumer and society. Compare and contrast the approaches to ethics of deontology and consequentialism in your judgment.
Your essay must be at least three pages long (excluding the title and reference pages) and contain at least three peer-reviewed sources. When writing your essay, follow APA Style, which includes citations and references for all sources used. Make sure to start with an introduction. Please note that there is no requirement for an abstract.
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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Essay on Marginal Analysis and Decision Making |
Essay on Marginal Analysis and Decision Making