econs 561

timer Asked: Apr 30th, 2013

Question description

Write a 1050-1400 word business proposal for a good or service. Include assumptions about the elasticity of demand and the market structure for the good or service. You might need to create hypothetical data to determine fixed and variable costs. Include rationale for

1 . how will you increase revenue

2. how will determine the profit maximizing quantity

3 . how could the concept of marginal cost and marginal revenue to maximize profit. What information is needed to determine this. How would you make a decision.

4. What is your uggested mix or pricing and nonpricing strategies? Explain your answer

5. Can you increase barrriers to entry? if so, how

6. How will you inctrease your entry differentiation

7. Are there ways to minimize cost.

Please support answers with charts if necessarry.



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