Here are additional instructions:
In your paper, you need to address Pricing and Non-pricing Strategies, Profit-maximizing Quantity and Marginal Cost and Marginal Revenue, Barriers to Entry, Product Differentiation, Minimize Costs for the service/product you selected. It does not have to be something that just came out.
There is no particular way that I want you to do an “economic analysis” section of a business proposal as long as your paper covers all the required elements according to the paper instruction. According to the assignment instruction, you need to create hypothetical data, based on similar real world products to estimate fixed and variable costs. Then you need to compute AFC, AVC, ATC, and marginal cost with your estimated cost data. Table 10.1 (page 205) of the textbook illustrates how to calculate MC and MR. Then you need to set up different prices (pricing strategy) to see what the output would be in terms of MC=MR. In general this is a profit maximization point.
RSaleem are you able to help me?
Nicola
0 comments