ECON 545 Week 2 DQ 2 Costs

ECON 545 Business Economics

 (Keller Graduate - Spring 2016)

Costs (graded)

Below is a recommended topic for this discussion. If your instructor chooses a different “Making the Connection” from this weeks’ readings or another alternate discussion topic, his or her chosen topic and any required work in MyEconLab or elsewhere will be in the instructors’ first posting.

Read the Making the Connection short case titled Adam Smith’s Famous Account of the Division of Labor in a Pin Factory in Chapter 11 of our textbook, and also be sure to watch the video right under the Making the Connection title (maybe a few times). Then post your first posting this week beginning to discuss what you’ve read and watched in the video.

Then work on Problems and Applications 3.7, at the end of Chapter 11, answering and discussing the question in that exercise.