ECO 561 Week 4 Business Proposal

Questions/Business/ManagementECO 561 Week 4 Business Proposal
ECO561 Week 4 Business Proposal You will apply economic principles presented in weeks 1 – 3 in this assignment. (Week 1 – 3 notes are attached) Select a new, realistic good or service for an existing industry. Write the economic analysis section of a business proposal. This will include statements about the market structure and elasticity of demand for the good or service based on text book principles. You need to create hypothetical data , based on similar real world products to estimate fixed and variable costs. Required elements: – Identify market structure – Identify elasticity of the product – Include rational for the following questions: (1) How will pricing relate to elasticity of your product? (2) How will changes in the quantity supplied as a result of your pricing decisions affect marginal cost and marginal revenue? (3) Besides your pricing decisions, what are your suggested non-pricing strategies? (4) What non-pricing strategies will you use to increase barriers to entry? (5) How could changes in your business operations alter the mix of fixed and variable costs in line with your strategy?
No more than 1400 words, APA format

Attachments
eco561_r9_student_guide_week3.doc
eco561_r9_student_guide_week2.doc
eco561_r9_student_guide_week1.doc

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Dr.RickA+ 969 TUTOR Posted 1706. Sold 1831. Bought 2. Solution preview:
Every product has an influence on the Market structure, which consequently affec** *** ***** elasticity (Lipsey& ******** ***** **** ***** ******** *** healthcare ****** ** *** ** *** *** development ** ****** ****** Insurance ******** ******** *** healthcare ****** ** currently ***** *** extensive ******** *** ** *** *** ******* ** *** ******** ****** ** ** described ** ** oligopolistic ****** *** ******* ******* ** *** *** ******** ** *** ******* ** government ****** ******** *** ******* ****** ********

Attachments
ECO 561.docx
ECO **I BUSINESS PROPOSAL *
Introduction
Every product has an influence on the M***** structure, ***** consequently ******* *** ***** elasticity ******** ******** ***** **** ***** ******** *** healthcare ****** ** *** ** *** *** development ** ****** ****** Insurance ******** ******** *** healthcare ****** ** currently ***** *** extensive ******** *** ** *** *** ******* ** *** ******** ****** ** ** described ** ** oligopolistic ****** *** ******* ******* ** *** *** ******** ** *** ******* ** government ****** ******** *** ******* ****** ********
*** ** healthcare ****** ******* ****** ** ******* ****** insurance, ***** *** **** Americans, ** *** ******* ****** ** ****** ******** *** ****** *** ******* ******* ***** indicates **** *** ** Americans ******* ******* ****** insurance ** ****** insurance, *** ******* ****** ******** *** Medicaid, *** ******** ***** *** healthcare ******** *** ******* ****** ** *** ** ******* government *** *** ****** **** **** ******** ******* ** *** ***** ***** **** ****** ******** ******* ******** *** ***** respective ******** Furthermore, ***** *** ****** ******** ****** **** **** initiated ** *** ******* *** ** ****** ******** **** ***** **** ******* *** plications ** *** healthcare ****** ******** *****
** ***** President ***** ******** ** *** ******* Protection *** Affordable **** *** According ** **** **** ***** ******** **** **** * ******* insurance ** *** * **** ** *** **** ****** **** ****** ***** Initially, ******** presumably **** *** ****** **** ***** *** ** ***** ******** **** ***** ** *** fee-for-service professional ******** ******* ******* *** ******** ******** ** *** ** **** introduced ** *** ***** **** ** *** **** ******* ** ****** individual hospitals **** ******** ******** ***** ******** ** individuals, ***** *** development ** *** **** ***** organizations ******** ***** Beginning **** *** *** ****** ** *** precursors ** ******* ****** Maintenance Organizations ******
****** Structure *** *******
** oligopoly ****** ** * ****** structure **** * ***** ****** ** relatively ***** petitors; **** ******* **** significant ****** ******* ******** **** * *** organizations dominate, **** ***** ***** ***** *** **** ***** ** *** ****** *** instance, *** ******* ****** **** insurances ** *** ** **** **** ***** *** **** ******* ***** ***** ** *** ****** **** **** * *** ***** ******** ******** ***** *** **** ******* ***** ***** independent ******** *** *** ******** ** ****** ****** providing specialty ******** (Economics ******* *****
****** Permanente ** * ******** insurance **** ** *** ****** *** **** ******* ** *** **** ***** *** ***** ** ******* **** ** industrial ****** **** ******* *** * ***** ***** shipyard, *** construction ******* ** *** ****** industrial ****** ****** **** **** *** ******* *** **** ****** ** ****** enrollment ** **** ** *** ***** persisted *** *** * ******** insurance **** ** *** ** ******** *****
******** ********
**** ******** ******** ***** primarily ******* ** *** ****** ****** *** *** significance ** ****** insurance ******** ** consumers ** stretches *** ***** ** *** insurance ******** *** ******** ****** **** *** ****** *** ******** environment Evidently, *** ******** ** ****** insurance consumers **** * predisposition *** ******** **** **** ****** ******** **** *** **** ******* ******* ****** ***** ******* **** *** ******* ****** ******** ** today’s ******** ** ** necessary ** ****** *** ******* ** ******* ** ****** ******* ***** ** *** ****** insurance ****** Particular attention ** ******* ** *** characteristics ** *** ******** conditions ** *** ******** ** *** alterations ** *** ******** ****** insurance ******** ****** *****
Hypothetical ****
*** ***** ******** ******** additional variables ****** ** variables *** ****** ** increased enrollees increases *** ***** ** *** **** *** **** ***** * ******** enrollment ****** ****** suggesting * significantly ******* ***** ******** ******** ***** *** **** **** variables, *** instance, *** ** *** ****** ******* ****** *** ***** different **** ***** *** *** *** *** ***** ***** **** restrictive *** ******* ******** ******** **** *** **** *** municated ******* consumers Therefore, potential enrollees *** **** **** familiarity **** **** *** deductible *** *** ** ****** ******* ****** ******* *** ****** *** ****** ** *** beneficiary *** ** ****** payments, ***** *** **** * different influence ** ****** **** ****** *** coinsurance ***** *** deductible **** ** **** ***** ** providing coverage, ****** deductibles *** undesirable Apparently, ******** ****** ***** deductibles ***** *** ***** **** **** **** ***** Estimates **** **** **** **** ***** ** ******** ** ***** **** ******** **** offerings ****** *****
Elasticity ** ****** ***** Insurance
Estimating *** elasticity ** insurance ** approachable ******* ******* ******* According ** ******** ******* ****** distinctions ** *** ******** expressed ** *** insurance ***** *** **** ** ******** ***** ***** consideration *** ****** ******** ** *** application ** *** distinctions ** *** ****** **** ****** ** ****** ** recognize *** ***** elasticity ** *** ******** insurance **** ****** ******** **** Insurance ***** **** ******** **** ******** **** ****** out-of-pocket *** ** consumers *** ***** *** ****** changeable ** *** ******* ** *** **** *** out-of-pocket *** ******** ***** ** particularly ***** ** * ****** ***** *** beneficiaries *** *** ******** ** *** ******* ****** *** **** ** *** beneficiaries’ *** ** **** ** out-of-pocket *** ******** ******** *****
*** ******** ****** discloses **** out-of-pocket *** **** * substantial ****** ** ******* ****** *** ******* *** ****** **** ** different ***** *** * **** difference *** ***** *** **** expensive **** traditional ******** *** *** ***** *** **** ***** **** **** ****** ***** Conclusively, ****** insurance *** **** ** ******* ****** ** * ***** ******** ***** **** ** ** extensive ******** ** subscribers *** **** *** instance, ***** **** ******* ** ******* ***** ****** ******* ****** *** ** ******* necessary *** ***** ** ** * motivation *** *** ****** insurance ****** ** ****** *** ***** (Enthoven, *****
******** **** * ******** *******
*** ******** ******* ** * **** ** calculated ** ******** *** difference ** ***** *** ** ******* ** *** ****** ** *** ******** ** ****** ****** ******** ******* *** **** ****** **** * particular ****** ****** ** ******** ** *** *** ** decreasing ******* ****** ** **** ***** ** **** **** * ***** *** increases ** *** ****** ***** **** ** *** **** ** ****** *** ****** insurance ****** **** consequentially ***** ** increased **** *** **** physicians Perfectly ******** ****** ***** ** ****** production ** ****** ***** *** ***** ***** ******** ******* ****** ******** **** *** ** *** ***** ******** ******* ******* ******** ***** **** *** *** ******** *** ******** *** ******* ** ******** ***** *** ******** **** subscribers (Enthoven, *****
Non-Pricing Strategies
*** significant non-pricing ******** ** ******** ** ***** ******** ******** ***** Oligopolies ***** ******** ***** ****** dominance ***** *** ** *** **** ****** *** expensive ****** ***** *** ******** *** incumbent *** deliberately ***** *** ******** ** ****** ** ******* ******** ******* ******** (Economics ******* ***** *** suggested non-pricing ******** *** *** oligopolies ** Non-price ***** ***** ******** *** **** ** destructive ***** **** *** instance, improving ******* ** ******* ******* ***** marketing ** ******** ***** ** advertising ** ** ******* ** non-price ******** ***** *** **** significant ** **** oligopoly businesses ******** ******** ***** **** ****** Insurance ****** **** **** benefiting **** oligopoly sponsorships, including **** ****** ***** *** ****** ***** promotion, *** instance, preexisting ******* conditions ** *** ******** *** **** ** **** ** ******* ** ******** ******** Nevertheless, ******* ******* ** ** ******* ** non-pricing strategies *** **** *** ** *** ******* insurance ******** ****** Permanente ******** * ****** ******* ** ******** *** *** employees *** ***** ****** members’ ****** insurance ******* deductibles (Economics ******* *****
***** *** ******** ****
***** ***** *** *** ***** ******** ** *** production ** * ******* regardless ** *** ****** **** Notwithstanding *** ****** ** *** ******* ***** *** ******** **** ***** ***** ***** ***** ******** ******** ***** Therefore, ** * ******** ** consumers **** ** ******** *** ****** insurance ****** *** *** **** ***** **** ** *** *** physicians ** ***** ***** ******** ******** ***** *** *** ***** **** *** ******** ******* ** *** ****** ** ******** ******** *** **** ******** ***** *** dependent ** *** ******** ** production *** ***** *** ******** ** *** ***** ** ** ***** ** ******** ** ******** ***** ***** *** **** consumers purchasing ****** *** **** *** **** ******** **** **** *** ******** ** ***** ***** ** ******** ******** ***** ** definition, ******** ***** *** *** ***** ** materials ** ***** **** fluctuate **** ***** ***** ******** decreases *** ******** ***** ** **** ***** ******** ******** *****
Conclusion
* ****** arrangement ** *** *** ****** ******** *** *** *** ** increasing physician’s reimbursement ***** ** ******* *** ******** ** *** ****** physician ******** ******** *** ******* ** eligibility expansions **** ** ******** ** *** ******* ** ** ******** ** ******* Oligopolies *** implement * ****** ******** approach, *** ******** ******* ******** ******* advantages ** **** ******** ****** structures, **** ***** ****** Oligopoly ****** ******** ** ***** ** ******* development, *** ******** *** innovation ***** generated super-normal ******* *** ** **** ** revolutionize ***** ******** ** ***** ** *** ******** ***** stability *** ** advantageous ** consumers *** *** ******* ** * ***** ** ******* *** consumers’ ** ****** ******** *** ******** expenditure **** *** **** ******* *** ****** insurance ******** ** **** (Economics ******* *****
References
Economics ****** ****** Oligopoly, ******** *** ****** oligopoly Retrieved ****
Enthoven, ** ****** *** ******* **** *** ****** ** ******* ****** ***** ****** ******** *** *** (****)**-** *** ******hlthaff***** Retrieved ****
******* * ** * ******** * * ****** ***** principles ** economics ****** ****** *****
***** **** ***** ****** Dispelling *** ***** Retrieved **** ******
******* * * ****** Introduction ** ****** **** economics * financial management Fundamental ******** **** practical applications Philadelphia, ***** Lippincott ******** * *******Price: $25.00

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