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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.
Select a 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.
Required Elements:
In the book ''The Travels of the T-shirt in the Global Economy'' Is China's domination of the textile industry best described as a victory or a failure? Give three reasons for the United States domination of the global cotton industry.
in the old days lighthouses were built along the coast to prevent ships from runnung around on the rocks in unfamiliar
Consider the market for used cars. Each car on the market has a quality, denoted q, which can take any number between 0 and 10, with equal probability. In other words, q follows a uniform distribution on the interval [0,10].
Since a monopolist has some discretion over the price of its product, how is it possible for this firm ever to experience a short run loss? specifically, why can’t the firm simply charge a price that always exceeds its cost?
On the topic of ticket pricing
there are also more than 475 bilateral and regional trade blocs, including the North American Free Trade Agreement and the European Union, which provide special trade preferences to member nations.
Why might a profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development What kinds of costs are involved in making a decision to shut down
consider a monopolist with the following demand function q 60 - 0.667pa. graph the demand and mr lines. what is
explain the viewpoints of classical and keynesian economists. how did the economy that existed at the time of these
john has his wealth of euro1000 invested in ripoff.com shares. there is a 50 chance that the share market crashes and
joe browns dairy operates in a perfectly competitive marketplace. joes machinery costs 500 per day and is the only
IKEA is a Swedish home furnishings retailer. An official Indian agency supports IKEA opening 25 stores in India. Demonstrate the impact of IKEA's entry into the Indian home furnishings market.
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