Describe the business

Assignment Help Microeconomics
Reference no: EM13887703

Assume that you are going to start a small business of your own.

Describe the business and, utilizing the concepts of this unit and the earlier units, discuss:

  1. what costs you would incur;
  2. what competition you might experience;
  3. how you would determine the price you would sell your product; and,
  4. how much product you would produce?

 

 

Reference no: EM13887703

Questions Cloud

Will he be eligible to exclude any of his gain : Howard has received several verbal and written threats, and his house has been spray-painted with graffiti. The atmosphere has become so hostile that Howard has decided to sell his new home and relocate in a different city. Will he be eligible to exc..
Price discrimination is the practice of selling : Price discrimination is the practice of selling the same good at more than one price when the price differences are not justified by cost differences.evaluate the following statement:"Price discrimination requires market segregation."A. False, becaus..
The future of airport operations : 1. What are the effects on airport design and the frequency of airport pavement replacement and repairs? 2. What are the effects on taxiway and apron separations? 3. What are the effects on gate capacity and baggage handling operations?
Develop the company''s branding, pricing and distribution : Develop the company's branding, pricing, and distribution strategy.
Describe the business : Assume that you are going to start a small business of your own.Describe the business and, utilizing the concepts of this unit and the earlier units, discuss:what costs you would incur;what competition you might experience;
What tax planning objective may ms jl have accomplished : Ms. JL is a successful attorney in the 39.6 percent marginal tax bracket. During the past several years, she provided legal services to her great uncle, who is 78 years old and in failing health. What tax planning objective may Ms. JL have accomplish..
What incentives do pharmaceutical companies : What incentives do pharmaceutical companies have to undertake R&D in medicines for treating AIDS? Malaria? Erectile dysfunction? What can policymakers do about this?
Research paper regarding the funding of airports : Research paper regarding the funding of airports. A complex relationship has developed between the private sector and the federal government with the increase in privatization of large airports over the last 70 plus years and the requirement for fede..
What were the reasons for the great migration? : What were the reasons for the great migration?

Reviews

Write a Review

 

Microeconomics Questions & Answers

  Difference maker in your customers buying decisions

What mobile computing devices do you use now? Does your business require you to change formats? Be creative in your thinking of how m-commerce can be the difference maker in your customer's buying decisions.

  Find the marginal revenue for quantities that you can

suppose the market for a certain pharmaceutical drug consists of domestic united states consumers and foreign

  How many lives does this project save annually

From the perspective of any individual in this population, what is the reduction in the probability of their death in any year from this policy? (Assume everyone in the population uses the road equally. In reality, the fact that this is not true m..

  In the text we considered a sequential move game in which

in the text we considered a sequential move game in which an entrant was considering entering an industry in

  Number of cars at which average cost is minimum

Michel's cost function for his car is C=y^2+16; where y is the number of cars that Michel can afford. Find the average cost and marginal cost functions. Find the number of cars at which average cost is minimum.

  Identify the new equilibrium price and quantity

Suppose there is a market for an industrial compound, Weon. This industrial compound is used as an input for production of cleaning agents.

  1 assume nail mania advertises in the local newspaper each

1. assume nail mania advertises in the local newspaper. each day it advertises costs 100. over the past several months

  Economics deals with the efficient use of resources-why

1. Adam Smith favors a policy of laissez faire in managing economic activities. Why? Economics deals with the efficient use of resources? Why? Marginal analysis tends to produce more optimal outcomes when working with scarce resources. How? It is pos..

  A market is initally served by a monopoly firm

A market is initally served by a monopoly firm 'A' with demand given by Q=400-P, and marginal costs given by MC=100. Find the monopoly price and quantitty. Now, a new firm 'B' enters the market, and takes A's initial output as given. Find A's profit ..

  What is the nash equilibrium level

Suppose A and B choose the amount they spend on the school independently. What is the Nash equilibrium level of the school's quality in Little Society?

  The federal reserve makes an open market purchase

The Federal Reserve makes an open market purchase and the change in reserves is the same as the change in the MB. Therefore, the Fed

  Why will usual prais-winsten standard errors be incorrect

Suppose we think that the errors {ut} follow an AR(1) model with parameter r and so we apply the Prais-Winsten method. If the errors do not follow an AR(1) model- for example, suppose they follow an AR(2) model, or an MA(1) model-why will the usua..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd