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Reflect on the assigned readings for Week 3 and then type a two page paper regarding what you thought was the most important concept(s), method(s), term(s),
and/or any other thing that you felt was worthy of your understanding. Define and describe what you thought was worthy of your understanding in half a page,
and then explain why you felt it was important, how you will use it, and/or how important it is in managerial economics.
Sample Solution
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