The company I chose is TESLA

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[Note: To complete this template, replace the bracketed text with your own content. Remove this note before you submit your paper.]

Economic Analysis Report: [Insert name of company]

[Your Name]

Southern New Hampshire University

ECO 201: Microeconomics

[Your Instructor’s Name]

[Date—for example, May 1, 2024]

[Insert your introductory paragraph here. Provide a brief description of your selected firm, including what products or services they provide and why you chose this company.]

[Insert your response to the prompt: Identify the advantages of specialization for your firm. Provide specific examples of your company’s trading partners to illustrate. You can also include additional evidence from your textbook, such as graphs illustrating the benefits of specialization.]

[Insert your response to the prompts: Identify the determinants of price elasticity of demand for your selected company. Provide examples from your research to illustrate.

Also, explain how price elasticity of demand affects pricing decisions and total revenue of your selected firm. Provide examples from your research to illustrate.]

[Insert your response to the prompts: Evaluate the potential impacts of policy interventions on the supply and demand equilibrium for a product/service sold by your selected company. Provide examples from your research or from the textbook.

Also, explain how government policy interventions can cause changes in consumer and producer surplus for your firm. Provide examples from your research or the textbook to illustrate.]

Costs of Production and Decision Making

[Insert your response to the prompts: Describe the difference between variable costs and fixed costs.

Then, identify some of the fixed costs and variable costs that apply to your company. You can find this information in the company’s financial reports.

Finally, explain how a company makes the decision to produce, shut down in the short term, or exit the market based on these cost considerations. Provide examples from the textbook to illustrate.]

Market Structures

[Insert your responses to the prompts: Identify the differences between the four market structures and how they impact profitability addressing the following questions: Which market structures have barriers to entry and exit? How are the market types profitable in the short and long run? How is the profit-maximizing quantity determined in each market type? How is the price determined in each market type? Are the firms price takers or price makers?

Next, identify the type of market structure in which your company competes. Defend your claim by demonstrating the features of that market structure.

Then, explain how inefficiencies arise from monopolies and monopolistic competition. Provide examples from the textbook to illustrate.

Finally, analyze how firms in an oligopolistic market set prices. Provide examples from the textbook.]

Microeconomics Principles and Business Decisions

[Insert your response to the prompt: Conclude by describing the relevance and significance of microeconomics principles. Explain how microeconomic trends could impact the company’s future business decisions. Defend your claims with specific evidence.]

Mankiw, N.G. (2024). Principles of economics (10th edition). Cengage.

[Include any additional references cited in your paper in full APA format. Don’t forget to include in-text citations as well.]