22SP: EC202: Microeconomics

Reading: Death by Bureaucrat (attached), which is chapter 1 in The Economics of Public Issues (20th ed.) by Miller, Benjamin, and North

Your reflection should be as described in the syllabus with the modification that you should also:

• Model the scenario discussed in the reading with marginal cost and marginal benefit curves. Clearly label graphs and explain why they are how they are and what they tell us.
• Answer one of the discussion questions at the end of the reading. Use economic concepts and terms.