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he wants to know how much it costs to become a certified organic
farmer, and which crop would be best suited for him to grow given his
current equipment.
Luckily before you can find time to answer Uncle Dan’s e-mail, you
read the piece on organic farming in the United Kingdom on page 422 of
the textbook. Recognizing the costs and risks for Uncle Dan in making
the switch, you decide to research the market in terms of supply and
demand, elasticity, production costs, pricing, and economic or normal
profit or loss. You decide to educate yourself about organic farming so
that you can provide Uncle Dan with the most informed advice possible.
Microeconomic Paper as a Professional Report
Your paper should be organized into five parts as listed below.
1. Title Page—Name, course, and date
2. Introduction to situation, but do NOT copy the
scenario. Briefly summarize the situation and identify the
microeconomic issue(s) to be decided from the perspective of the
organization.
3. Relevant Economic Principles: Determinants of Demand,
Supply, etc. and Relevant Data
Identify the variables that are critical in addressing the issue(s). Gather
and present the relevant data on the variables by searching the DeVry
Online Library. Ask a librarian for help if needed. Use in-text citation
to report the source(s) of the data. Graphs may be included here.