Economics+(Sullivan)

=** The Lemonade Stand Game: **=

1. Read the directions for the Lemonade Stand Game. Before you begin playing, write a brief description of your strategy. 2. Start the game. Play all 30 days. Write a brief description of how you did. What was your final score? Did your strategy change as you played the game? Explain. 3. This game relates to some economic concepts we've been learning. Explain how the game shows each of the following terms: a. marginal cost b. marginal benefit c. scarcity d. factors of production e. opportunity cost

= Bud, Corona don't mix, Justice Says =

Read the following article: //Bud, Corona don't mix, Justice says// 1. Summarize the article. 2. Why does the government oppose the merger? What specific negative consequences do they believe will result from the merger? 3. How is this article related to the idea of competition? 4. Why is it so important for the government to encourage competition? How does this relate to the concept of a free market?