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

For this activity you must write an argumentative essay about 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.

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

Answer rating: 100% (QA)

Title Production and Costs Considerations for Local and International Markets In todays globalized business environment managers face the challenge of optimizing production and costs to meet the deman... View the full answer