ECO 550 Week 10 Assignment 4 Automotive           Production LevelsClick this link to purchase the tutorial:http://homewor...
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Eco 550 week 10 assignment 4 automotive production levels

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Eco 550 week 10 assignment 4 automotive production levels

  1. 1. ECO 550 Week 10 Assignment 4 Automotive Production LevelsClick this link to purchase the tutorial:http://homeworkfox.com/tutorials/economics/4291/eco-550-week-10-assignment-4-automotive-production-levels/For this assignment, choose a major publicly traded automotive producer, such as GeneralMotors, Ford, Toyota, or Volkswagen. Then, research this company’s production and inventorylevels, and operational cost information, along with price and sales data for the most recentquarter available.Write a seven to nine (7-9) page paper in which you:Create a demand supply analysis based on the data you collected on your chosen company’sprice and sales, which demonstrates the relationship between price and quantity demanded.Determine the equilibrium price and quantity and explain its meaning to your chosen company.Indicate how your chosen company’s management should use this information to make soundstrategic decisions. Calculate the elasticity of demand for your chosen company’s automobiles(or choose a specific make / model). Interpret what the demand tells your chosen company’smanagement team. Speculate what may happen to your chosen company’s specifically if theelasticity of demand calculated above represented a competitor of your choice instead. Providesupport for your response. Create a cost analysis and graph. Include total cost, total variablecost, marginal cost, and fixed costs, along with any other costs you believe are valuable to thecost analysis. Create a total revenue schedule, marginal revenue schedule, and a graphrepresenting both. Interpret what the graph tells your chosen company’s management team.Determine the profit maximizing level of output by assessing the actions your chosen companyshould take if it is to continue to maximize profits. Assume your chosen company wants toexpand its operations which involve capital budget decisions. Recommend two (2) different andappropriate cost-related tools. Provide support for your recommendation. Now, assume yourchosen company wants to expand its operations globally into a new market. Suggest two (2)strategies the firm should consider. Provide support for your suggestions. Use at least three (3)high-quality academic resources in this assignment. Note: Wikipedia and other Websites do notqualify as academic resources

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