The number of sellers determinant should contain the

Reference no: EM13390652

a. Each individual determinant analyzed for your situation, with examples applicable to your situation and research showing current Supply data or most recent past data, except for the Expectations Determinant in which you need to use data estimating future market conditions.

i. You need to be very specific in the Cost of Production Determinant to identify Fixed, Variable, and Marginal Cost in order to derive your Supply curve for the graphing component. You will need to explain and show how Profit Maximization or Loss Minimization output and price are determined. You will need to do the math using actual figures [cited] or your own estimated figures [identified as such] and explain why you expect Short Run Economic or Normal Profits, Acceptable Loss or temporary Shut Down and how you will know which it is.

ii. The Number of Sellers determinant must contain your analysis of the kind of market structure in which your firm or labor service will be sold.

Reference no: EM13390652

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