In your initial post, include the image of your simulation report in your response. See the How to Submit a Simulation Report Image PDF document for more information.

In your initial post, include the
image of your simulation report in your response. See the How to Submit a Simulation Report
Image PDF document for more information. Then, address the
following questions:
Imagine you own your own business. Based on what you
learned from the simulation, what factors would determine your entry
and exit into a market?
Applying the concept of marginal costs, how
would you, as a business owner, decide how much to produce?
How does the impact of fixed costs change
production decisions in the short run and in the long run? Refer to the
average total-cost (ATC) model included in the textbook to demonstrate.
ONLY DO THIS PART…….In your responses,
comment on at least two posts from your peers. Research and provide examples
from the news of firms in perfectly competitive markets. Discuss with your
peers how costs impact these firms’ profitability.

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