I’m studying for my Business class and need an explanation.

See attached Instructions and grading rubric. ***Note*** 1) Include one of the two course required references and 2 external scholarly references. 2) Please DO NOT used repetitive words. Use clear and concise sentences. 3) Incorporate some biblical verses that are associated with material 4) Write in the closest English vocabulary as possible 5) INCLUDE PAGE NUMBERS IN-TEXT CITATIONS 6) Include INTRODUCTION, BODY, and CONCLUSION Paragraphs Required Course References: Froeb, L. M., McCann, B. T., Ward, M. R., & Shor, M. (2016). Managerial economics: A problem solving approach (4th ed.). Boston, MA: Cengage Learning. ISBN: 9781305259331. Salvatore, D. (2015). Managerial economics in a global economy (8th ed.). New York, NY: Oxford University Press. ISBN: 9780199397129.