This is the weekly discussion. The reference is ACC 5030 Foundations of Economics. The book is MCCONNELL: ECONOMICS, 22E. Chapter 7, 9 and 10.

Discussion - Utility Maximization, Production & Cost

1. Submit a ONE page summary of what you have learnt about consumer behavior and utility maximization.

2. Using an economic principle discuss why we cannot grow all the world's tomatoes in one pot.

3. In your view, how would firms optimize their decision to choose production techniques?

4. Please post at least two (2) issues/questions you are struggling with in studying the chapters for the week so that your colleagues would help you address the difficulty. Please do not post questions from the internet. These have to be your personal difficulty with the material. Also make sure that your questions are clear and not cumbersome or verbose. 5. SCAVENGER HUNT: After reading the relevant chapters, find and post any relevant videos or links to online resources that might help the class understand and appreciate the concepts being discussed better.

6. Please list ten (10) things you have learnt from reading this week's assignments. Please watch the videos your colleagues post and comment on the relevance of theconcepts being discussed. Thanks