Econ Paper due in less than 10 hours.

profilesvinzxx

Purpose of Assignment
Students  will develop cost curves on which firm behavior is based and will  utilize these cost curves to determine the behavior of their chosen  organization in the market served. Using the concept of comparative  advantage, students analyze trade opportunities and use the model of  supply and demand to explain factors that could affect demand, supply  and prices. Students will determine various factors that could affect  their organization's total revenue and will recommend actions the firm  could use to maximize their profit and their presence in the market  served. 
Assignment Steps
Scenario: You  have been given the responsibility of working with your organization's  CEO to do a competitive market analysis of the potential success of one  of their existing products. 
Research an organization and a product produced by that organization in which an analysis can be conducted. 
Write a 1,750-word analysis of the current market conditions facing your product, making sure you address the following topics:
Define the type of market in which your selected product will compete, along with an analysis of competitors and customers.
Analyze any comparative advantages and international trade opportunities.
Explain the factors that will affect demand, supply, and prices of that product.
Examine factors that will affect Total Revenue, including but not limited to:
Price elasticity of demand
Factors that influence productivity
Various measures of costs, including opportunity costs
Externalities and government public policy and their effect on marginal revenue and marginal cost
Recommend  how your organization can maximize their profit-making potential and  increase their presence within the market served by the product. Cite a minimum of three peer-reviewed sources from the University Library.
Format your paper consistent with APA guidelines.   

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