What Is Organizational Change, and What Are Two Major Areas

question 110

Essay

What is organizational change, and what are two major areas of change in organizations?

Understand the concept of producer and consumer surplus, and calculate changes in these surpluses due to market interventions.

Analyze the impacts of minimum wage policies on the labor market.

Discuss the role of elasticity in determining the effects of quotas and price supports on market outcomes.

Understand the method to calculate total welfare changes (consumer and producer surplus, plus government cost/benefit) due to policy implementations.