User Account

All Pages

Develop cost curves on which firm behavior is based

Assignment Help Microeconomics
Reference no: EM132070845

Question: Students will develop cost curves on which firm behavior is based and will utilize these cost curves to determine the behavior of their chosen organization in the market served. Using the concept of comparative advantage, students analyze trade opportunities and use the model of supply and demand to explain factors that could affect demand, supply and prices. Students will determine various factors that could affect their organization's total revenue and will recommend actions the firm could use to maximize their profit and their presence in the market served.

Assignment Steps

Scenario: You have been given the responsibility of working with your organization's CEO to do a competitive market analysis of the potential success of one of their existing products.
Research an organization and a product produced by that organization in which an analysis can be conducted.

Option 1: Write a 1,550-word analysis of the current market conditions facing your product, making sure you address the following topics:

OR

Option 2: Create a 15- to 20-slide Microsoft® PowerPoint® presentation. The presentation should cover the following bulleted points (include the ranscript of your presentation in the notes pages)

1. Define the type of market in which your selected product will compete, along with an analysis of competitors and customers.

2. Analyze any comparative advantages and international trade opportunities.

3. Explain the factors that will affect demand, supply, and prices of that product.

4. Examine factors that will affect Total Revenue, including but not limited to:

• Price elasticity of demand

• Factors that influence productivity

• Various measures of costs, including opportunity costs

• Externalities and government public policy and their effect on marginal revenue and marginal cost

5. Recommend how your organization can maximize their profit-making potential and increase their presence within the market served by the product.

Cite a minimum of three peer-reviewed sources from the University Library.

Reference no: EM132070845

Questions Cloud

How do you propose changes that will make it your own : As you once again review this story, how do you propose changes that will make it your own story when you become a school principal?
Global and transnational business : SM4008 - Global and Transnational Business - draw briefly from models other than the three main ones you use if that is necessary
Influencing and making decisions-assignment one-reflective : Select and evaluate the usefulness of a range of decision making tools and reflect on your decision making styles
Introduce yourself and explain the problem : For this assignment you will review a single scholarly article in the APUS Library and summarize what it says about a specific infant and toddler disorder.
Develop cost curves on which firm behavior is based : Students will develop cost curves on which firm behavior is based and will utilize these cost curves to determine the behavior of their chosen organization.
Discrimination of different types at carter cleaning : What is the evidence that there is discrimination of different types at Carter cleaning? This can be list. 2.
Contribution margin figures already computed : In addition to the contribution margin figures already computed, now compute the PV Ratio (also known as CM Ratio).
What is the sale price at kitchen hut : A competitor marked down the same set of pots 28%. Assume Leon’s reduces its selling price by 37%. What is the sale price at Kitchen Hut?
Profit-and-loss statement : Explain why the income statement can also be called a “profit-and-loss statement.”

Reviews

Write a Review

Microeconomics Questions & Answers

  1 if the economy is in equilibrium and suddenly the level

1. if the economy is in equilibrium and suddenly the level of planned investment increases by 2 billion national income

  Aspect of african american art

Compare and contrast the writings, speeches, and work of Dubois and Washington. Be sure to include context and appropriate detail.

  Find the cartel''s optimal outputs and optimal price

The firms have decided to limit their total output to Q = 18. What outputs should the firms produce to achieve this level of output at minimum total cost? What is each firm's marginal cost?

  Provide an example of a current event or issue

Write a 1,000 word paper about the ways in which different levels of government interrelate with each other. Include the following points in your paper: Provide an example of a current event or issue where multiple governments interact on the sol..

  What assumption does the narrator make in the given excerpt

What assumption does the narrator make in this excerpt? I could interface you guys right under the table,' I say. ‘I'm not just a creâtus and manufactured.

  What year did the euro reach its highest value

In what year did the euro reach its highest value? During the financial crisis of 2007-2009, did the yen appreciate or depreciate against the dollar? Briefly explain.

  1nbspquantity of the public goodwillingness to pay of

1.nbspquantity of the public goodwillingness to pay of person 1willingness to pay of person 2societys willingness

  Explain the effect of flood on marginal productivity of

a recent flood in the midwest has destroyed much of the farmland that lies in fertile regions near the rivers. describe

  Health administration promulgate safety and health standards

The Occupational Safety and Health Administration promulgate safety and health standards. These standards typically apply to machinery (capital), which is required to be equipped with guards, shields, and the like. An alternative to these standards i..

  How would you change the capital gains tax

The principal economic argument for abolishing the long-term capital gains tax is that it would boost productivity, and hence pay for itself.

  Explain the natural rate of unemployment recognize three

there are probably a thousand macro economic indicators some measure the overall national economy some are more

  Explain to the mayor one aggregate demand and supply factor

Explain to the mayor one aggregate demand and supply factor that would have the greatest impact on the economy of your city.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd