Explain the factors that will affect demand and supply

Assignment Help Microeconomics
Reference no: EM131832270

Question: Purpose of Assignment: 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 current or a previous employer's CEO [you cannot use Walmart or Apple unless you actually worked for them for more than one year] to do a competitive market analysis of the potential success of one of their existing products.

Research this organization and a product produced by it 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:

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.

Format your paper consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.

Reference no: EM131832270

Questions Cloud

Write java method for determine if string s has more vowels : Use recursion to write a Java method for determining if a string s has more vowels than consonants.
Determining the organizational defense mechanisms : After reading the article; what are the major implications for the development of future leaders as it pertains to crisis leadership?
Statistical analysis suggest : Imagine a 23 design in eight runs represented by the vertices of a cube in 3-space. When would a statistical analysis suggest
Further light on the problem in question : How would you illustrate how a non-central composite design might be used to shed further light on the problem in question
Explain the factors that will affect demand and supply : 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.
Write a short recursive java method that takes a character s : Write a short recursive Java method that takes a character string s and outputs its reverse. So for example, the reverse of "pots&pans" would be "snap&stop".
What is a box-behnken design : What is a Box-Behnken design? Make a sketch of the design for k = 3 factors.
What is meant by the information function of a design : What is meant by the information function of a design? What property has the function for a rotatable design?
Write down the design matrix : Write down the design matrix for a 29-run central composite design having five factors with three center points.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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!

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