What choice did you make with your money or time


Discussion Post

Part I

Start your discussion by responding to this question using the company for which you currently work, a business with which you're familiar, or the dream business you want to start:

i. What are some key fixed and variable costs for this business? Remember, fixed costs do not change when output changes. That is, fixed costs remain even if the company is producing nothing. Variable costs increase as output increases.

Part II

Start your discussion by responding to these questions using the company for which you currently work, a business with which you're familiar, or a dream business you want to start:

i. With your selected business in mind, (DOCTORS OFFICE) determine if it is competitive, monopolistic competitive, an oligopoly, or pure monopoly. Explain how you drew your conclusion about its market structure.

ii. How does the business/firm in this industry determine the price it will charge for the products or services it sells?

Part III

Let's talk about two?trade-offs?we face every day: how we spend our time and money. There are many things we can do with our money. Money spent on one thing isn't available to spend on another. Also, there are many things we can do with our time. We can spend time doing one job or another. We can spend time with family. We can spend time in leisure.

Start your discussion by responding to these questions:

i. Describe a?trade-off?you have?made in terms of your income or your time.
ii. What choice did you make with your money or time?
iii. Why did you make that choice?

Part IV

Choose one health care data breach to research and provide a summary of the situation:

i. Who was involved?
ii. What happened?
iii. Who was affected by the breach?
iv. What laws/policies/guidelines were violated because of the breach?
v. Did the media report the story?

The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.

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Microeconomics: What choice did you make with your money or time
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