Most of you will be familiar with the phenomenon of the Internet meme. We will define it for our purposes as an image of some kind that will suggest something amusing or meaningful to the viewer but captioned with a microeconomic theme. You may use a standard image or a personal photo of some kind. Imgflip meme generator is useful for this purpose, but another suitable app or program may be used instead.

You may construct as many memes as you like, especially if it is amusing.

In addition, submit a brief paper (a few pages) explaining the microeconomic concept used in the meme, and why the image was chosen.

Originality is not necessarily the goal here, by the nature of the assignment.

Need REFERENCES.