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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.
4. Recommendations and Economic Justification
Formulate and present your recommendations for addressing the
issue(s) based on the relevant data and economic principles identified
above. Justify your recommendations in terms of the economic impact
on those affected.