ECON 545 Business Economics Week 2 DQ and Course Project Devry

ECON 545 Business Economics 

Week 2

Week 2 DQ 1 Marginal Analysis (Graded)

Why is marginal analysis important in economics?  How do the tutorials Basics of Marginal Analysis and Understanding and Applying Marginal Analysis at the end of this week's lecture reinforce the concepts of marginal analysis? How can any firm find the right production level which guarantees maximum profit (or minimum loss)? Why is marginal analysis important in economics?  How do the tutorials Basics of Marginal Analysis and Understanding and Applying Marginal Analysis at the end of this week's lecture reinforce the concepts of marginal analysis? How can any firm find the right production level which guarantees maximum profit (or minimum loss)?

Week 2 DQ 2 Controlling Costs (Graded)

Name some of the ways firms attempt to control their costs. How does your firm control costs? The key here in keeping this question interesting is that reducing the workforce or having one person do the work of three people are not the only ways to control costs. I'm looking for more creative ways. Maybe you can think of some that your firm is not currently using. Be creative here. Name some of the ways firms attempt to control their costs.

Week 2 Course Project:

ECON 545 Week 2 Project Part 1 Business Economics