BUS 1103: MICROECONOMICS

Question

1. What is the difference between micro and macro economics? Give an example of a microeconomic phenomenon and an example of a macroeconomic one. 2. Go to the internet and find a recent article that you find that is relevant for this section. Provide the link, and a summary of the article and discuss, in a few words, why you found the article interesting
3. Provide an example of a sunk cost. How does this differ from a marginal cost? Explain a time you did (or should have) used marginal analysis to solve a problem.

Ensure you have presented your assignment in a logical format. Also, ensure that you have the appropriate formatting to avoid plagiarism and appropriate grammar (this may be achieved by using free tools available on the Internet) and do not forget to provide at least 2 citations and references.

Textbook: OpenStax College. (2016). Principles of economics. http://cnx.org/contents/69619d2b-68f0-44b0-b074-a9b2bf90b2c6@11.330

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