Essay: Production and costs of goods or services for a local and international market Instructions For...

Essay: Production and costs of goods or services for a local and international market
Instructions
For this activity you must write an argumentative essay on the advantages and disadvantages that a manager of any business should consider, in terms of production and costs of goods or services, for a local and international market.

After reviewing the study material, look for information in the virtual library (CRE-V) on production and costs in the short and long term, and isocost and isoquant curves.
Then write your essay taking into account the following:
Production and efficiency in the short and long term
Analysis of isoquant or long-term isocost curves
Short and long-term economic effects on production
The essay must contain:
At least three (3) advantages and three (3) disadvantages for each local and international market.
You should briefly explain each advantage and disadvantage for each market. You can provide examples or particular situations.
Your writing must contain a minimum of one (1) introductory paragraph, development of the content as indicated in the specific instructions and one (1) concluding paragraph that summarizes the most relevant aspects of the content.

Expert Solution

Rahul Sunny answered 2 years ago

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