ECO 561 Week 4 Complete
You
will apply economic principles presented in Weeks One through Three in this
week's assignment. Your assignment will be reviewed by your peers and by your
facilitator in week five and should be revised as necessary based on feedback
as the first part of the final assignment in
week
six.
Select
a new, realistic good or service for an existing industry.
Write
the economic analysis section of a business proposal. This will include
statements about the market structure and the elasticity of demand for the good
or service, based on text book principles. You need to create hypothetical
data, based on similar real world products to estimate fixed and variable
costs.
Required
Elements:
• Identify market structure
• Identify elasticity of
the product
• Include rationale for the
following questions:
• How will pricing relate
to elasticity of your product?
• How will changes in the
quantity supplied as a result of your pricing decisions affect marginal cost
and marginal revenue?
• Besides your pricing
decisions, what are your suggested nonpricing strategies? What nonpricing
strategies will you use to increase barriers to entry?
• How could changes in your
business operations alter the mix of fixed and variable costs in line with your
strategy?
• No more than 1400 words
• Your proposal is
consistent with APA guidelines
Click
the Assignment Files tab to submit your assignment
Complete
the Week Four Knowledge Check.
Complete
the Learning Team Deliverable.
To
download the complete paper click ECO
561 Week 4 Complete
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