Week 2 assignment – micro economics

Week 2 Assignment

Print Page

Comparative Advantage

R/C Aero Specialties produces unmanned aerial vehicles (UAVs), or drones, for commercial and recreational uses. The company has updated its design to compete with Fuji Enterprises, but its production costs for this new model require a retail price that is well above the retail price for the Fuji model. If R/C Aero is to remain competitive with Fuji, the company must develop and implement strategies to gain a comparative advantage.

Submit by Day 7 a 300- to 700-word paper that addresses the following scenario:

Assume that you have been hired as a consultant to identify and refine a strategy for R/C Aero Specialties. Identify, describe, and justify at least one strategy that R/C Aero can implement to gain a comparative advantage over Fuji. Explain why you believe this strategy will give R/C Aero a comparative advantage, thus enabling the company to regain and maintain market share.

Assignments must bein APA style and format. Information on APA style is available at theWalden Writing Center.

In addition to fully answering the assignment’s questions, each Assignment will be evaluated for clarity of writing, critical analysis of the issues, proper use of references to support the positions taken, and adherence to APA standards

 

 

Required Resources

Readings
  • Frank, R. H., & Bernanke, B. S. (2010). Principles of microeconomics, brief edition (2nd ed.). New York, NY:McGraw-Hill/Irwin.
    • Chapter 2, “Comparative Advantage” (pp. 35–59)

      Chapter 2 introduces the concept of comparative advantage. The chapter describes the production possibilities curve and the production possibilities model to illustrate how specialization enhances the productive capacity of an economy.

      Focus on the principle of comparative advantage, along with the given examples. In addition, concentrate on the production possibility curve and how it is affected by individual productivity.

Media

Optional Resources

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.

Read more

Free-revision policy

The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.

Read more

Privacy policy

The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.

Read more

Fair-cooperation guarantee

By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency