Explore the foundational concepts of microeconomics


Over the past seven weeks, we have explored the foundational concepts and principles of microeconomics, and we have applied them to the world around us. Take this time to share what you have learned with your classmates.

In your assignment, respond to the following:

1) Choose one microeconomic concept applied in your final project.

a) Explain your findings and the implications to your chosen firm's (Coca-Cola) sustainability.

2) Using the same microeconomic concept chosen above, explain how it would be applied to the firm where you work or the type of firm you hope to work for in the future. (Currently work in the nursing home industry).

b) What does this imply about this firm's future?

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Microeconomics: Explore the foundational concepts of microeconomics
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