Economics

Economics
Essay 1 – Use information from our classroom discussions and readings to write a one – two page essay on the following.
You made a choice to attend Indiana State University. Discuss that choice identifying the opportunity cost of choosing Indiana State University. Use the concept of marginal analysis to describe this choice. Also, discuss the price you paid for your textbooks. In this discussion, and using your knowledge of the price elasticity of demand, guess what you believe the price elasticity of demand for your textbooks to be. Provide examples that determined your guess.