Part 1: Explain how individuals evaluate opportunity costs to make business decisions.Explain what role the

Part 1: Explain how individuals evaluate opportunity costs to make business decisions.
Explain what role the production-possibility frontier (PPF) has in the decision-making process.
Part 2: Explain how comparative advantage impacts a firm’s decision to engage in trade.
Explain whether a business’s decision to trade would cause a change to its PPF. Provide specific reasoning to support your claims.
Part 3:Explain what impact policy interventions have on the supply and demand equilibrium for a product. Provide specific examples to illustrate.
Describe whether policy market interventions can cause a change in consumer or producer surplus. Explain why using specific reasoning.
Explain how firms in an oligopolistic market set their prices. Use examples to support your claims. 
Part 4: Explain how firms that compete in the four different market structures determine profitability. Use examples to support your claims. 
Part 5: 
Describe how microeconomics principles will impact your business decisions moving forward. 
Provide recommendations to your business partner for your future business venture.