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This is absolutely very very sad.

What the difference berween micro and macro economics? Give an example of
microeconomic phenomenon and an example of a macro economic one.

Micro Economics is a part o a economics that srudies individual units. Such like
business, price of a product, consumer, firms. They microeconomics phenomenon
Macroeconomics is a part of a economics that studies economy as whole. Such as
national income, employement and unemployment level, inflation, education quality
level of a country or any other territory. These are macroeconomics phenomenons.

Go to internet and find a recent article that you find that is relevant for this
section. Provide the link, and summary of the article and discuss. In a few words,
why you found this article interesting.

The was a veru interesting article recently written by Timothy Taylor describing
how the terms Micro and Macro was created.
work of Ragnar Frisch in 1933, but he referred to micro-dynamics and macro-
dynamics. The meaning of both are the same of what we know today.

many others ecoomists published some other nmes for the same concept. When in 1941,
P. de Wolff used th terms Microeconomics and Macroeconomics.
Untill now economists, universities still using these terms.

That was an article that gives an idea how some terms were created and make us
understand that micro and macro economies have been studied for centuries.

Provide an example of a sunk cost how does this differ from a marginal cost?
Explain a time you did (or should have) used marginal analysis to solve a problem.

Sunk cost refers to a cost that is lost and have no importance for decision making.
Marginal cost is an aditional cost of a poduction and is important for decision
make.

One a bought a wine and asked to open the bottle to try. When in the firt sip I
realized that the grapes was wrong but that was too late. Becoming a sunk cost to
me. I needed to buy another bottle with an aditional cost. generating a marginal
cost in my restaurant bill.
MArginal analysis I used many times in my life. I was planning to buy one cellphone
and one camera but doing a margina analysis (analizing the benefits and costs) I
realized that would be so much better buy a good cellphone with a good camera and I
saved a huge money in a camera.

Logical format.
grammar

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answer 2 critical thinking questions.

Harris, M., & Holmstrom, B. (1983). Microeconomic Developments and Macroeconomics.


The American Economic Review, 73(2), 223-227. Retrieved from
http://www.jstor.org/stable/1816845

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