comment on things that impact the producer or seller, and apply the theory and terminologies from chapters 7 & 8. You may bring the effect of global production and markets, the supply chain disruptions caused by the covid 19 pandemic, and supply disruptions caused by Russian aggression of Ukraine and global political unrests, the rising Sino-US political tensions, etc., into your narrative and discussion. Your post and responses must demonstrate some knowledge and understanding of the seller's perspective and production terminologies such as total, average, marginal product, and diminishing returns or increasing marginal costs, and cost terminologies such as fixed, variable, total, average and marginal, short run, and long run. You may apply terms such as "short run shut down," economic and accounting cost and profit and explain how these may apply to the situation that you have described. Please apply the economic terminologies that you have learned in this class into your main post and response/s, wh