Choose one concept from the list above and write a paper a 500 to 550 word paper

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Choose one concept from the list above and write a paper a 500 to 550 word paper

Choose one concept from the list above and write a paper a 500 to 550 word paper

 

Reflection paper

Opportunity Cost Scarcity Production Efficiency Allocative Efficiency Human Capital Specialization Comparative Advantage Income Tastes Prices Household Budget Information Transaction Costs Utility Consumer Satisfaction Profits Markets Competition Market Structure Labor Costs Innovation Entrepreneurial ability Productivity Government Regulations Business Incentives Economies of Scale Product Differentiation Brand Name Advertising Market Power.

General Instructions:

Choose one concept from the list above and write a paper a 500 to 550 word paper (500 words is the absolute minimum)

You are free to organize and arrange your sentences and paragraphs in any you see fit but your response MUST at least have the following 5 elements:

It must state and define the concept or idea.

It must explain how you viewed or understood the concept before completing the discussions.

It must explain your new way of viewing or understanding the concept.

It must say the reason why your perspective or understanding changed. In other words what did you do see or hear as a result of completing the discussions that helped transform your opinion.

It must have information data or facts that supports the reason for your change. The information data or facts can be presented in the form of an example or as part of an explanation but it must be explicitly connected to at least one of the graded discussions.

As you produce your response you should also consider the following:

The implications of the change in perspective. In other words now that you see this in this way what are some of the things that will come after? What will you do differently? What follows? Also analogies and metaphors are a great way to illustrate how one views a concept or an idea.