Defining the 2 economic conceptsArticulating 2 correlated experiences to those economic conceptsWriting at least one page (double spaced)Personal encounters may be routine behaviors (grocery shopping, studying, gas prices) or interactions with various media like news channels (articles, newspapers), social media (Facebook post, TikTok), or general information gathering (personal reading, Ted Talks, research for another class). I am open to any experience that you can tie to economics, so please get creative and expand applications beyond those listed as examples.While you can recall any economic concept covered in class, a few examples from Unit 2 are below:Production Function Law of Diminishing Returns Cost Economies of ScaleProfit Perfect Competition Shutdown Decisions Competitive MarketsMonopoly