Assignment
Do an analysis of the economic problem presented in the Heinz case study that's attached.
submit a theoretical and quantitative analysis that links the problem statement to the relevant economic factors at play. You may look to answer questions such as the following:
Are customer preferences changing?
· Is there a shift in demand?
· Is there a change in technology?
To answer these questions, include a discussion of demand and its likely elasticity, an application of marginal analysis, and costs in your statement.
Identify and illustrate these trends and relationships using mathematical principles. This will involve use of the proper algebraic, regression, and other quantitative methods to generate scatterplots of your data, highlighting trend lines and outliers as appropriate.
To help you accurately perform these calculations, you must use Microsoft Excel and the Excel Analysis TookPak
To complete your submission, categorize which market structure (pure competition, monopolistic competition, oligopoly, or pure monopoly) applies to Heinz. Describe this market structure. How does it affect the problem you are researching?
As a managerial economics student and professional, you are encouraged to use your own experience, understanding, and knowledge of business and industry structure to drive your analysis. Specifically, the following critical elements must be addressed:
I. Research: In this section, you will apply economic theory and quantitative analysis to your research topic.
A. Describe the relationship between the economic factors you identified and the presented issue.
B. Using mathematical concepts, illustrate the relationships between economic factors and the issue.
C. Describe the market structure of your organization's industry.
D. Determine how the market structure of the industry influences the issue. Support your response with relevant examples from the case study attached.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.
Attachment:- Heinz-Case-Study.rar