You need to create hypothetical data based on similar real world products to estimate fixed and variable costs.

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You will apply economic principles presented in Weeks One through Three in this week’s assignment. Your assignment will be reviewed by your peers and by your facilitator in week five and should be revised as necessary based on feedback as the first part of the final assignment in week six.
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 the 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.
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