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Prior to working on this journal, review Chapters 7 and 8 from your textbook, Principles of Microeconomics and the materials on the “Weekly Lecture” page. Submit your response in writing in a Word document or as audio or video file to the Submission Page using the button in the upper right-hand corner of this page. For additional guidance, review the File Submission Quick Start Guide
In your submission of 1 to 2 pages,
Summarize any one concept for each of the chapters covered this week- chapters 7 and 8.
Discuss how contents from this chapter might be applicable in your personal or professional life.
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