Select a new, realistic good or service for an existing industry. Write the economic analysis section
I just asked for another assignment help and someone else picked it up and it was horrible I couldn't use any of it are you available to assist me with this assignment it was suppose to be turned in tonight but now its probably going to be late. The assignment:
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.
Identify market structure
Identify elasticity of the product
Include rationale for the following questions:
How will pricing relate to elasticity of your product?
How will changes in the quantity supplied as a result of your pricing decisions affect marginal cost and marginal revenue?
Besides your pricing decisions, what are your suggested nonpricing strategies? What nonpricing strategies will you use to increase barriers to entry?
How could changes in your business operations alter the mix of fixed and variable costs in line with your strategy?
No more than 1400 words
Your proposal is consistent with APA guidelines
Other Requirements: The sooner you can have this available the better, please remember that this is a rough draft and I will be critiquing the proposal over the next few weeks.
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