I have an Economics Business Proposal paper that i need completed. Instructions include:
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
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
How could changes in your business operations alter the mix of fixed and variable costs in line with your strategy?