Subject: Managerial economics
• Elaborate an opinion piece, which defines the “what if” of a radical change in the marginal cost role in production, by answering the following question: 
What changes can you envision to the real economy, should Jeremy Rifkin’s (best selling author) vision of a zero marginal cost Society, become reality? 
The context:
• Supply-demand is a key principle in managerial economics as it defines foundations to the understanding of a number of concepts, which shape the strategic position of firms in the microeconomic dimension of the economy. 
• Marginal cost is a sub-unit of the supply demand principle, can be defined as the “measurement of the change in cost corresponding to a unit increase in production level” 
• Marginal cost is also related to the concepts of “marginal revenue” (defined as the measurement of the change in revenue in response to a unit increase in production level or quantity” and “marginal profit” (defined as the measurement of the change in profit resulting from a unit increase in quantity) 
Deliverable: 
• A 3-page opinion piece providing your view on the above question (minimum 3 pages, maximum 4 pages, inclusive of bibliography) (12 font, double space, APA referenced)

Additional Requirements 

Min Pages: 3 
Level of Detail: Only answer needed 
Other Requirements: Please provide supporting evidence for your argument so that I can make direct comparisons