Economics: Marking Period 1 Assessment
Planning a Wedding/BabyORHealth care costs in America
Due : November 8, 2011 Your group will be responsible for planning your wedding. You have all been assigned abudget, and will need to make choices based on that budget. What will you decide toinclude and what will you leave out? Which cultural and/or religious traditions will beincluded in your ceremony/reception, and how much will they cost? Who will pay forwhat, including your bridal party? You must cite all sources used!Costs that you will have to consider and report:
Any religious requirements
Housing: investigate costs for purchase and rental in the towns inwhich you plan to live (Union County)Resources:www.census.gov www.theknot.comwww.newjerseybride.comUnion County Web Site Your presentation can not be longer than 15 minutes and must incorporate the followingtopics: (There must be a minimum of two topics from each unit that we have covered,and all topics relevant to chapters 5 and 6 MUST be included)ScarcityOpportunity CostChoiceThe Price SystemSupply & DemandMarket EquilibriumPrice Ceilings and FloorsElasticityMid-Point FormulaUtilityBudget ConstraintsWillingness to PayIndividual Demand Curves Market Demand CurvesConsumer Surplus You must present your information verbally, graphically, and numerically.