ECO561/ECO 561 Week 4 Business Proposal
Paper
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.
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