- Research elasticity information for two particular goods: one with an elastic demand and one with an inelastic demand. Using elasticity information you gather, predict changes in demand. The United States Department of Agriculture website has a good resource to help with this.
- Describe how marginal analysis, by avoiding sunk costs, leads to better pricing decisions.
- Explain the importance of opportunity costs to decision-making and how opportunity costs lead to trade.
- Evaluate how better business decisions can benefit not just the producer but the consumer and society as a whole. In your evaluation, contrast the deontology and consequentialism approaches to ethics.
GENERAL BUDGET INDICATORS Public Safety Description:
GENERAL BUDGET INDICATORS Public Safety Description: If the percent of Revenues allocated to Public Safety decreases or become lower, it may hamper the agency’s ability to maintain the existing level of services unless new sources of revenues or ways of trimming expenses can be found. Warning Trend: Decrease as a