Assignment: Analytical Report
Write a short analytical report (3 - 4 pages) on two topics: shortages / scarcity and point elasticity / arc elasticity and specifically address the following points:
1. Design a study of a production function for a steel mill and another one for a call center, which variables would you use, and what statistical method would you select for each function? In general, compare and contrast the production function for a product and one for a service center.
2. Comment briefly on the following methods of cost estimation:
a. Engineering cost
b. Survivorship principle
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.
Attachment:- Recommended-Outline.rar