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 initial post, respond to the following:
Choose one microeconomic concept applied in your final project. Explain your findings and the implications to your chosen firm’s sustainability.
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. What does this imply about this firm’s future?
In your response posts to peers, comment on the conclusions your peers drew. Add any of your own observations about the firm and how the selected microeconomic concept applies. Additionally, discuss how the concepts your peers chose would be applied to your current or future work.
Microeconmic concept that i used.
Apply microeconomic models to real-world situations for informing effective business decisions