Evaluate how better business decisions can benefit not just the producer but the consumer and society as a whole.

Research elasticity information for two particular goods: one with an elastic demand and one with an inelastic demand.

Using elasticity information you gather, predict changes in demand. The United States Department of Agriculture website has a good resource to help with this.

Describe how marginal analysis, by avoiding sunk costs, leads to better pricing decisions.

Explain the importance of opportunity costs to decision-making and how opportunity costs lead to trade.

Evaluate how better business decisions can benefit not just the producer but the consumer and society as a whole. In your evaluation, contrast the de-ontology and consequential-ism approaches to ethics.

Adhere to APA Style when writing your essay, including citations and references for sources used. Be sure to include an introduction.

If you need help identifying peer-reviewed publications, review the Online Library resources Peer-Reviewed Resources attached.