produce goods in order to efficiently allocate their scarce resources. In your initial post, begin by introducing yourself briefly, including your program of study and career interests. Then, address the following as part of your response: . Imagine you own your own business and have to make daily decisions about how to allocate available resources such as input of production, time, purchasing decisions, and so forth. What role do you think microeconomics has in running a business? . Which of the principles of economics outlined in your reading would you be more likely to apply when making business decisions? Provide at least two to three examples. In your responses to your peers, comment on at least two posts that discuss a different economic principle than the one you chose. Draw connections between the different principles and the role of microeconomics in everyday life. To complete this assignment, review the Module One Discussion Guidelines and Rubric Start a New Thread Filter by: All Threads v