I needed help with this milestone 3 please

9:58 V Vv . at alll 66% ECO 201 Milestone... Q . . . Southern New Hampshire University ECO 201 Milestone Three Guidelines and Rubric The purpose of this milestone is for students to explore the various costs their firm faces and to describe their firm's market. Using the concepts and tools developed in Modules Four and Five, students will analyze the fixed and variable costs of their firm, how those costs have changed over time, and how those changes have impacted their firm's overall health and sustainability. In analyzing their firm's market, students will detail the extent of their firm's market power and their firm's ability to influence the market. Students will also describe major trends in the market, specifically concerning new products, technologies, and new entrants. Students can further determine the future health of their firm to inform their final recommendations by examining their firm's place within the market. Prompt: Submit a draft of the Costs of Production (Section IV), Overall Market (Section V), and Recommendation (Section VI) of your research paper, including all critical elements listed below. You will review your firm's financial reports and other relevant data sources to collect and analyze cost information for your firm over the past five or so years. Using real data and the economic tools developed in Module Four, you will analyze your firm's profitability and how costs impact its growth. Additionally, you will find data on your firm's competitors in order to detail your firm's place within the market currently and over the past five or so years. Lastly, you will develop a recommendation for how the firm can manage its future production. Specifically the following critical elements must be addressed: IV. Examine the costs of production for your firm. a) Analyze the various costs a firm faces, their trends over time, and how they have impacted your firm's profitability. b) Apply the concepts of variable and fixed costs to your firm for informing its output decisions. For instance, analyze how different kinds of costs (labor, research and development, raw materials) affect the firm's level of output. V. Explore the overall market for your firm. a) Discuss the market share of the firm and its top competitors by providing details on current percentages for each firm and describing the trend over time. You might consider presenting the data graphically. b) Analyze the barriers to entry in this market to illustrate the potential for new competition and its impact on your firm's future in the market. c) Describe the market structure for this firm and analyze how this affects the firm's ability to influence the market. VI. Recommendation a) Develop a recommendation for how the firm can manage its future production by synthesizing the data presented. b) Suggest how the firm's position within the market and among its competitors will allow it to take your recommended action. Describe how the firm can sustain its success going forward by evaluating the findings from demand trends and price elasticity. Southern New Hampshire University Rubric Guidelines for Submission: Your paper must be submitted as a three- to six-page Microsoft Word document (each section should be one to two pages) with double spacing, 12-point Times New Roman font, one-inch margins, and sources cited in APA format. Critical Elements Proficient (100%) Needs Improvement (75%) Not Evident (0%) Value Costs of Production: Analyzes the various costs a firm Analyzes the various costs a firm Does not analyze the various costs a 12 Profitability faces, their trends over time, and how | faces, and their trends over time, but firm faces, their trends over time, or they have impacted the firm's does not discuss how they have how they have impacted the firm's profitability impacted the firm's profitability profitability Costs of Production: Accurately applies the concepts of Applies the concepts of variable and Does not apply the concepts of 12 Output Decisions variable and fixed costs to the firm for fixed costs to the firm for informing variable and fixed costs to the firm for informing its output decisions its output decisions, but applies informing its output decisions concepts inaccurately Overall Market: Market Discusses the market share of the Discusses the market share of the Does not discuss the market share of 12 Share firm and its top competitors by firm and its top competitors, but does | the firm and its top competitors providing details on current not provide details on current percentages for each firm and percentages for each firm or does not describing the trend over time describe the trend over time Overall Market: Barriers Analyzes the barriers to entry in this Analyzes the barriers to entry in this Does not analyze the barriers to entry 12 to Entry market to illustrate the potential for market, but does not illustrate the in this market new competition and its impact on potential for new competition or its the firm's future in the market impact on the firm's future in the market Overall Market: Market Describes the market structure for Describes the market structure for Does not describe the market 12 Structure this firm and accurately analyzes how this firm, but does not analyze how structure for this firm this affects the firm's ability to this affects the firm's ability to influence the market influence the market or analysis is inaccurate Recommendation: Future Effectively develops a Develops a recommendation for how Does not develop a recommendation 12 Production recommendation for how the firm the firm can manage its future can manage its future production by production, but recommendation is synthesizing the data presented not effective or is not based on synthesis of the data presented Recommendation: Suggests how the firm's position Suggests how the firm's position Does not suggest how the firm's 12 Recommended Action within the market and among its within the market and among its position within the market and competitors will allow it to take the competitors will allow it to take the among its competitors will allow it to recommended action ecommended action, but take the recommended action suggestions are not appropriate Southern New Hampshire University Recommendation: Describes how the firm can sustain its Describes how the firm can sustain its |Does not describe how the firm can 12 Sustain its Success success going forward by evaluating the findings from demand trends and success going forward, but does not sustain its success going forward evaluate the findings from demand