Question.4628 - In the Week 1 Discussion (also known as a small business scenario), you develop a specific business good or service. You should use this specific good or service for all of the remaining weeks, please do not change your good or service.Consider the production process for your good or serviceIdentify the fixed costs associated with running your small business.Identify the variable costs associated with running your small business.Discuss changes you might make in the long run.
Answer Below:
With xxxxxxx the xxxxx truck xxxxxxxx I xxxx to xxxxxx purchase xx lease x fully xxxxxxxx truck xxx truck xxxx have x proper xxxxxxx setup xxxxxxxxx plumbing xxx an xxxxxxxxxx system xx ensure xxxxxx operations xxxxx include xxx cost xx leasing xx buying xxx truck xxxxxxxxxx kitchen xxxxxxxxx securing xxxxxxxx permits xxxxxx for xxxxxxxxx and xxxxxxxxx in xxxxxxxxx All xxxxx costs xxx considered xxxxx as xxx expenses xxxxxx the xxxx no xxxxxx how xxxx food x sell xxxxxxx the xxxxxx of xxxx I xxxx determines xxx variable xxxxxxxx These xxxxxxx of xxx price xx ingredients xxxxx gasoline xxxxxxxx hourly xxx utility xxxxx and xxxx packaging xxxxxxxx like xxxxxx napkins xxx cutlery xxxxx expenses xxx going xx be xxxxxx on xxxx days xxx lower xx slower xxxx Looking xxxxx I xxxx to xxxx changes xx grow xx business x may xxxxxx my xxxx based xx customer xxxxxxxx or xxxx invest xx a xxxxxx truck xx serve xxxx locations xx Taste xxxxx becomes xxxxxx successful x might xxxxxxxx opening x small xxxxxxxxxx ReferencesMankiw x Essential xx Economics xx ed xxxxxxx with xxxxxxx ISBN-More Articles From Microeconomics