1. What is the profit maximizing and loss minimizing solution for businesses not engaging in price discrimination?
2. How would you expect an attractive and prestigious job to be compensated and what would an economist tell you?
3. What does a competitive capital market do to the value of resources?
4. What is the opportunity cost of attending an economics class?
5. How does price relate to marginal value and total value? What is the paradox of diamonds and water?
6. Work with a supply and demand chart to explain a supply shock.
7. Work with a supply and demand chart to explain a preference change.
8. If you produce pollution, how would economist evaluate your price and output?