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Question;ECO/561;Week 4 Business Proposal;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.;Selecta 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.;RequiredElements;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;Clickthe Assignment Files tab to submit your assignment.


Paper#55328 | Written in 18-Jul-2015

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