AB224: Microeconomics Unit 8: Cost Analysis and The Perfectly Competitive Market - Discussion

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?

                         Links to Other AB 224 Tutorials

      Just click the Discussion to go to respective tutorial.

-AB224: Microeconomics Unit 1: Beginning Principles – Discussion

-AB224: Microeconomics Unit 2: Scarce Resources and Trade - Discussion

- AB224: Microeconomics Unit 3: Supply and Demand - Discussion

- AB224: Microeconomics Unit 4: Consumer Choice and Utility Maximization - Discussion

- AB224: Microeconomics Unit 5: Surplus - Discussion

- AB224: Microeconomics Unit 6: Governmental Price Controls - Discussion

- AB224: Microeconomics Unit 7: Fixed Costs and Variable Costs - Discussion

- AB224: Microeconomics Unit 8: Cost Analysis and The Perfectly Competitive Market - Discussion

-AB224: Microeconomics Unit 8: Cost Analysis and The Perfectly Competitive Market - Discussion