User Account

All Pages

Examine factors that will affect total revenue

Assignment Help Microeconomics
Reference no: EM131574922

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.

Write a 1,750-word analysis of the current market conditions facing your product, making sure you address the following topics:

  • Define the type of market in which your selected product will compete, along with an analysis of competitors and customers.
  • Analyze any comparative advantages and international trade opportunities.
  • Explain the factors that will affect demand, supply, and prices of that product.
  • 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
  • Recommend how your organization can maximize their profit-making potential and increase their presence within the market served by the product.

Reference no: EM131574922

Questions Cloud

What do min-vc and min-sc have in common : Can one consider one of these problems as a special case of the other?
What i do see as more of a privilege is type of insurance : What I do see as more of a privilege is the type of insurance that we choose to have. Whether it be Medicaid or private insurance.
Is access to health care a right or an entitilment : Is access to health care a right or an entitilment? The access to have health care has been a hot topic debate for some time now.
Explain method of the relaxation to lp : Let k be a positive integer. Consider MIN-SC(k) as the following restricted version of MIN-SC. The instances of MIN-SC(k) are usual instances (X, F).
Examine factors that will affect total revenue : Analyze any comparative advantages and international trade opportunities. Explain the factors that will affect demand, supply, and prices of that product
Explain sophisticated malware used in identity theft : Criminals have given pumped millions of cash to acquire the most sophisticated malware used in identity theft
What is the connection between health policies and health : Give and example of a health determinant. What is the connection between health policies, determinants of health, and health?
What are the roles of the federal and state governments : What are the roles of the federal and state governments in regards to health policy? Describe and contrast these roles using a specific policy as an example.
The vision of the organization : Emotional tensions and conflict can affect the vision of the organization. It is the job of management to reorganize and implement policies .

Reviews

Write a Review

Microeconomics Questions & Answers

  Magazine article highlights perfectly competitive situation

When thinking about the theory of the firm, shirking, and principle-agent problems, we can find analogous situations in our personal lives. Make a Power Point presentation (for sharing with the class) two personal situations to illuminate this con..

  Outline the consequences of this tax on local labor market

Consider a new per-worker employment tax on workers (where previously there was no tax). Outline the consequences of this tax on the local labor market. Use appropriate, clear, and well-labeled diagrams. In your answer show (1) the burden of the tax ..

  Explain what goes on behind the scenes with pension funds

Explain What goes on behind the scenes with Pension Funds? How are they funded? Who manages Pension Funds?

  Identify some of the cost s associated with the antitrust

Identify some of the cost s associated with the antitrust behavior. Note the specific antitrust acts under which the violation was investigated

  Explain economic growth

Within rich economies, there is strong evidence of convergence ________.for regions within a country.with developing economies. leading to military conflict.

  Find the market equilibrium price and quantity given that

demand in a perfectly competitive market is q 100 - p . supply in that market is q p - 10.1 what is the market

  Monthly mortgage budget

Suppose your monthly mortgage budget is $1,650. What is the maximum price of the house that you could afford? Assume you will put 20% down payment with a 30-year fixed rate at 3.5% APR, and your annual taxes and insurance are $1,800 and $1,200 respec..

  What will happen to optimal consumption bundle

What is her total utility from each of these options? Which option is optimal? Does this surprise you - What will happen to his optimal consumption bundle?

  1 a write down everything you would require durint your

1. a. write down everything you would require durint your preparation for the debate.your preparation should include

  Recognize whether product is price elastic or inelastic

your company wants to increase revenue and has asked you to work on a project to determine whether the demand for a

  The interior in search of affordable labor

Multinationals operating in china has been setting up factories deep in the interior in search of affordable labor

  Calculate the price elasticity of demand for einstein

Calculate the price elasticity of demand for Einstein s Bagels and explain what it means - Derive an expression for the (inverse) demand curve for Einsteins s Bagels.

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