Reflect on the assigned readings for Week 5 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 .

1. Reflect on the assigned readings for Week 5 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