Homework: An Economic Way Of Thinking About Business
Prior to beginning work on this homework, read Leonard E. Read's article, I, Pencil, and respond to the following components:
A. Explain the author's intention in describing the production of a pencil in his article. Is it even possible for people to learn enough to produce pencils totally from scratch?
B. Analyze the benefits of people specializing their efforts.
C. Evaluate decision making issues in the production process of a pencil and other items.
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.