ECON 545 Microeconomic analysis project 1 paper Jenny

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Description

KELLER GRADUATE SCHOOL OF MANAGEMENT

Project 1

Situation A

 My situation has to do with my niece Jenny. Jenny is a super intelligent high-school student who wants to make intelligent choices about her future so she's decided to call upon me for advice in regard to possibly pursuing a career as a doctor and on the best location to practice medicine. She got wind that I am currently taking a business course in economics and decided to e-mail me for information on the market for physicians in terms of supply and demand, elasticity, costs of production, pricing, and economic profit and loss.  As a caring uncle, I definitely recognize the significance of choosing a career in medicine. I truly want Jenny to be armed with the most valuable and pertinent information on the topic possible, so...

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