Each paper should contain a synopsis of the article, address the problem the article presented
Each paper should contain a synopsis of the article, address the problem the article presented, determine if the economic agent in the article had enough information to make the correct decision, and propose alternative answers to the problem at hand.
Make sure to point out any concept in chapter 6 that can be applied.
You will want to keep in mind that some articles may not have a problem or the problem may not be obvious. If there doesn’t appear to be a problem, put yourself in that person’s shoes and ask yourself what potential problem could arise and how would you attempt to answer it.
1. Why is Turkey Cheaper When Demand is Higher?
2.Switching Costs and Competition
http://managerialecon.blogspot.com/2013/05/switching-costs-and-competition.html
3.Reed Hastings and Netflix Seem to Understand…Four Months Later
……………….Answer Preview…………………
The article, Why Is Turkey Cheaper When Demand Is Higher presents an economic problem that the author, Catherine Rampell tries to demystify. According to the author, the price of turkey is much cheaper when the demand is higher. Well we all know that from the basics of supply and demand, the laws of demand and supply suggest that the supply is high when the demand is low and vice versa. Thus it defies all…
APA
372 words