What competition you might experience

Assignment Help Business Economics
Reference no: EM13987339

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;

How you would determine the price you would sell your product; and,

How much product you would produce?

Reference no: EM13987339

Questions Cloud

How did that person display activated ignorance : Describe the primary point of view that you use to guide your thinking. What are the strengths and weaknesses of your view? In addition, describe a time when you, someone you know, or someone from a story you have seen experienced activated ignorance..
What is the interval estimate for the proportion : In a random sample of 2877 cars on a used car lot, 5 of the 43 chosen cars failed a safety inspection. The sampling method had a margin of error of 0.02. What is the interval estimate for the proportion that would fail in the form of (lower limit and..
What is the probability that the mean of the atomic numbers : Given that the mean of all 102 atomic numbers is 51.794, and the population standard deviation is 29.804, what is the probability that the mean of the 40 atomic numbers selected by the student will be at least 58.3?
What is the point estimate of the proportion of voters : From a phone survey, a researcher determined that the estimate for the proportion of voters who will reelect the mayor is likely in the interval (0.39, 0.47)
What competition you might experience : 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;
Administration and management of tax and subsidies : The administration and management of tax and subsidies should be the tool for achieving fiscal policy toward economic stabilization and growth. Explain it in details and with examples.
Is there a positive and negative effect to the economy : In macroeconomics, international trades play a role in almost every item we purchase in our daily lives. For example, Colgate toothpastes are “Made in Mexico”, items that are “Made in China”, “Made in Malaysia”, etc. What are your views and opinions ..
Monopolistic competition market structure : Robert has a passion for making ice cream. Assume that ice cream parlors have a monopolistic competition market structure. Between the local Amy\'s, Cold Stone Creamery, Marble Slab, Ben & Jerry\'s and Baskin Robbins, he has an uphill battle to break..
Products and sell them under store brand labels : Why do manufactures like Procter and gamble spend millions of dollars annually creating and maintaining their brands? Why won’t they just manufacture their products and sell them under store brand labels?

Reviews

Write a Review

Business Economics Questions & Answers

  Equilibrium interest rate and domestic current account

Now assume that the economy is open and that the world interest rate is determined on the world market instead of in the domestic economy. Use a two-country model with initial current accounts equal to zero. How does an increase in domestic wealth af..

  Workers use riding mowers and push mowers

Ann owns a lawn mowing company. She has 240 lawns she needs to cut each week. Her weekly revenue from these 240 lawns is $8,400. If given an 18-inch deck push mower, a laborer can cut each lawn in two hours. If given a 60-inch deck riding mower, a la..

  Specific human capital less likely to change jobs

Why are people who possess specific human capital less likely to change jobs, other things being equal, than those who possess general   human capital? Does this imply that people who possess large amounts of specific human capital will never migrate..

  Is this evidence of sex discrimination

Why are coal miners in China paid higher than factory workers even though they have received more or less the same level of education and training? Why are workers with good looks paid higher in some jobs, but not in others? A recent report released ..

  Elucidate what will happen if oil prices remain in range

As per to Global Insight, a Massachusetts economics consultancy, elucidate what will happen if oil prices remain in the range of $65 to $70 per barrel for a couple of more months.

  Elucidate a process under which the competing oligopolists

Elucidate a process under which the competing oligopolists can divide the cake so that the two consumers (who are also the producers) are protected from the downfalls of consumers in oligopolistic markets.

  Impact on a companys profitability

The demise of the U.S. auto industry would have a devastating impact on our national economy and specifically the economies of Michigan and Ohio.

  Revenue-sharing in professional sports

Revenue-sharing in professional sports. Assume that there are two grades of professional football players. There are a limited number of “stars,” whom the fans most want to watch, and an unlimited number of “non stars.” There are too few stars to ful..

  Express a person who risks his or her financial resources

Which of the following terms express a person who risks his or her financial resources by investing it in the hope of making a profit.

  Give up three apples in exchange for one banana

Suppose Jimmy says that he is willing to give up three apples in exchange for one banana, or give up one banana in exchange for three apples. Either trade is alright with him. Suppose that apples cost $2 and bananas cost $1. What trade, if any, would..

  All interest and closing costs are tax-deductible

A young physician makes $250,000 per year with an annual salary increase of 2%. He is interested in buying a house. He has $130,000 in his savings account. The appraisal value for the house is $600,000. After exhaustive shopping for a mortgage, a ban..

  Suppose that the equilibrium nominal exchange rate

Suppose that the equilibrium nominal exchange rate is 130 Japanese yen to the U.S. dollar. If the Federal Reserve wishes to maintain an exchange rate of 140 Japanese yen to the U.S. dollar, it must meet the private excess ________ dollars in the fore..

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