ECO 561 Williams and Bailey House of Love

Bailey & Williams house of Love

ECO/561

"A business proposal is a written offer presented from a vendor that is intended to elicit business from a prospective buyer" (Maier,2003).

Economic principle is a "statements about economic behavior or the economy that enables prediction of the probable effects of certain actions" (McConnell, Brue, & Flynn, p.6,2009) "principles are incorporated into models, which are simplified representations of how something works, such as a market or segment of the economy" (McConnell, Brue, & Flynn, p.6,2009).

• This paper will discuss a possible business proposal along with market structure, elasticity of demand, increasing revenue, profit maximization, how concepts of marginal cost and marginal revenue help to...