This assignment is designed for students to demonstrate their understanding of t

This assignment is designed for students to demonstrate their understanding of the core concepts of the theoretical framework which introduced by Joe Bain (1959)
In this assignment, you are asked to assume that you are a business owner. The tasks of yours are to make decisions of output level, price level, production cost analysis and make a prediction of your business profit.
Choose one of the businesses below to work on your assignment:
A vegetables farm
A restaurant of Vietnamese noodles
A coffee shop
A car garage