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microeconomics concepts as a primary mode of analysis

Write a 3 page paper using microeconomics concepts as a primary mode of analysis.  Your paper should use 1.5 line spacing, a 12 point font, and 1inch margins.  Proof read your paper.  You will lose 5 percentage points per day for each day past the due date if your paper is turned in late.   

Available Topics: Drugs,patents and poor people ( that the topic to write a essay about) Whatever your topic, it should be about a particular issue or industry and not a general paper about a concept; please don’t rewrite a textbook chapter on monopoly or environmental economics.  

• Introduction: Introduce the topic and focus of your paper

• Concepts Discussion: Overview of economic principles to be applied 

• Application of economic theory:  Apply principles from our class and the textbook to your topic. There should be some discussion of costs and benefits 

• Conclusion: Include what you learned from your research and additional questions that you still have that you were unable to answer in your paper. 

• Bibliography.  Don’t leave this off. Use at least 3 sources not including Wikipedia.  Please provide author, title, date and exact page numbers cited for each reference. 

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    In the figure shown below, line T0 depicts a tax system which is: (1) Progressive. (2) Regressive. (3) Proportional. (4) Unbiased. (5) Recessive. 386</span></p>
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