Determine demand-income-tastes and preferences

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Reference no: EM133199554 , Length: 10 Pages

Assignment:

In 7 to 10 pages:

The project will be as follows:

You have been hired as a consultant by a venture capital firm. They want to start a business. They have 50 million dollars to invest but they have no idea what they want to invest in. They also have no understanding of microeconomics. You will create a 7 to 10 page report offering advice on possible companies to start. Include in your report should be a discussion of the following economic concepts and how they should

influence the investment decision:

supply and demand- how markets work

what determines demand-income, tastes and preferences, substitutes and compliments.....

elasticity

consumers maximizing utility

consumer behavior

costs -fixed and variable

capital and labor inputs

market structure- perfect competition, monopolistic competition, oligopoly, monopoly and anything else you think they should know.

Reference no: EM133199554

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