Prepare a 750-1,050-word paper analyzing the elasticity of demand; income elasticity; and cost structure of your product/service (previously select). Address the following topics in your analysis:

1. Use fictitious data to illustrate the demand elasticity and income elasticity and interpret the coefficients of elasticity.
2. What is the relationship between demand elasticity and the total revenue of your organization or firm?
3. i have to answer #5 … some one send it before but it was not good
4. The nature and cost of materials used; breakdown of fixed; variable; total costs; average costs; marginal cost (use table from class activity).
5. The role of technology in producing the product or service
6. The role of Productivity (consider the law of diminishing marginal productivity).