This essay should be about the factors of production utilized by profit-maximizing firms, and the many strategies that firms can employ to try and reduce their factor costs and maximize profit. As we know, one of the most important factors of production is labor, and labor costs money (the wage). There has been a lot going on in the news around this issue lately find a news about economics. Please find a relatively recent newspaper article about a specific firm whose profit-maximizing activities are making headlines in some way, and discuss (in 1-2 pgs) the economic implications of its actions for its workers.

summarize and cite the article

contextualize what is going on with this firm within our economic understanding of firm behavior - feel free to use graphs if you'd like

analyze the situation and give your opinion - is the firm behaving fairly? efficiently? strategically? competitively? why or why not? - who is in the position of power, or command, in this situation?

correctly use at least five specific economic vocabulary terms from class and our readings