Each answer 2 -3 paragraphs
Times New Roman, 12pt
Maximum 2 citations (Investopedia not permitted)
Responses must be paraphrased, not simple large citations
No headers, footers, page numbers
APA format
1. What determines a household’s consumption possibilities?
2. How would you answer someone who says that marginal utility theory is useless because utility cannot be observed?
3. What is consumer surplus?
4. What is a firm and what is the fundamental economic problem that all firms face?
