Topic: Tailored Clothes
Assume that you were ready to buy a custom tailored dress (or mens suit) and you are prepared to pay up to $200 for it. Also assume that the tailor is prepared to sell that item of clothing for as little as $100. When you arrive at the tailor shop, the posted price for the item is $150. Discuss how this scenario relates to producer and consumer surplus and how such surpluses, if any, affect buying and manufacturing decisions.
Discuss any recent purchases you have made and for which you feel that a similar rationale seemed to be at work.
Quality (40%) of your post will be measured on the following criteria:
? All assigned Discussion topics were answered completely
? Posts were on topic and unique in content
? All posts demonstrated knowledge of the topic with adequate rationale and support provided Score
No quality criteria were met.
(0 points) One criterion was met.
(8 points) Two criteria were met.
(24 points) Criteria were fully met.
Participation Guidelines (30%) will be measured on the following criteria:
? Initial post no later than Saturday, 11:59 p.m. ET
? Posts made to each Discussion topic on at least 3 different days
? The original post to be no less than 100 words
(0 points) One criterion was
(6 points) Two criteria were
(18 points) Criteria were fully
Clarity and Organization of Writing (20%) of your post will be measured on the following criteria:
? Posts were presented in an organized and logical argument composed of a minimum of two complete paragraphs
? No spelling or grammatical errors
NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.
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