ECO 365 Week 2 Team Reflection - Production and Cost Analysis

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Discuss this week’s objectives with your team. Include the topics you feel comfortable with, any topics you struggled with, and how the topics relate to your field.

Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

Preview:
In week two, all of us learned different concepts from the reading material. Jesse learned about marginal costs and gave a great example of his current work experience. Mary learned about elastic and inelastic products and gave an example of this from her local shopping. Heidi learned about supply and demand and how challenging of a balance it is between making money and selling out tickets at events.
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