Please assist with the following answers

• State the article or event you selected.
• Identify the microeconomic concept(s).
• Describe your findings.
• Analyze the relevance to real-life applications.

It's time again to explore this week's session with your colleagues! Select a relevant microeconomics industry of your choice in the region in which you reside. Differentiate between the rm's implicit and explicit cost and discuss the rm's variable and xed costs. For your chosen industry please express whether your rm is economically viable or not. Is yourrm protable? Do they have an optimistic or uncertain outlook for the near future? Locate a recent article or event (published within the last year) that highlights your relevant microeconomics topic. Use the Hunt Library, newspapers, new stations, or other credible sources to discuss how your topic aligns with microeconomics. Include the following in your discussion: . State the article or event you selected. . Identify the microeconomic concept(s). . Describe yourndings. . Analyze the relevance to real-life applications. Summarize your ndings using at least 250 words and provide a minimum of one reference. Use current APA formatting to document your sources