2024 – Topic 1 Discussion topic Tailored Clothes 1 Assume that you were ready to buy a custom tailored dress
AB224: Microeconomics Unit 5: Surplus – Discussion – 2024
When you arrive at the tailor shop, the posted price for the item is $150. Discuss how this scenario relates to producer and consumer surplus and how such surpluses, if any, affect buying and manufacturing decisions
2. Discuss any recent purchases you have made and for which you feel that a similar rational seemed to be at work.
Links to Other AB 224 Tutorials
Just click the Discussion to go to respective tutorial.
–AB224: Microeconomics Unit 1: Beginning Principles – Discussion
–AB224: Microeconomics Unit 2: Scarce Resources and Trade – Discussion
– AB224: Microeconomics Unit 3: Supply and Demand – Discussion
– AB224: Microeconomics Unit 4: Consumer Choice and Utility Maximization – Discussion
– AB224: Microeconomics Unit 5: Surplus – Discussion
– AB224: Microeconomics Unit 6: Governmental Price Controls – Discussion
– AB224: Microeconomics Unit 7: Fixed Costs and Variable Costs – Discussion
– AB224: Microeconomics Unit 8: Cost Analysis and The Perfectly Competitive Market – Discussion
–AB224: Microeconomics Unit 8: Cost Analysis and The Perfectly Competitive Market – Discussion
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