Consider the cost function C(x)=(3)/(10)x^3-1/4x^2+500x+200. Say we are currently producing 7 units


Question: There is a story of a famous physicist who gave up economics because he thought it was too hard. On the other hand there was a famous philosopher who gave it up because he thought it was too easy. What is it about economics that might make it both easy and hard? To develop your answer, be sure to refer to some of the concepts we have studied in class (e.g,, supply-demand). You might also wish to compare the relative easiness and difficulty of economics with some of the other subjects you have studied in your college career.

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Solution: The downloadable solution consists of 1 page
Type of Deliverable: Word Document

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