Elucidate how economics does apply to this issue

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Q. Some people claim that the "economic way of thinking" does not apply to issues such as health care. Explain how economics does apply to this issue by developing a "model" of an individual's choice.

Q. Select an organization you work for or are familiar with. Based on the Economics for Managerial Decision Making: Cost and Revenue Curves simulation and this week's readings, could the organization you have chosen lower prices to increase revenue? Why?

Reference no: EM1365246

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Elucidate how economics does apply to this issue : Some people claim that the "economic way of thinking" does not apply to issues such as health care. Elucidate how economics does apply to this issue by developing a "model" of an individual's choice.

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