Strayer ECO561 Week 3 Individual Assignment Cost Scenario

ECO 561 Week 3 Individual Assignment: Cost ScenarioIn this assignment, make a decision whether to accept an order for a product which requires displacing another product from production. This employs contribution analysis, opportunity cost, and cost concepts. The University of Phoenix Material – ClearHear Scenario provides a problem statement, opportunities, and end state goals.Resources: ClearHear Scenario• Write a 1040- to 1400- word report where you explain the following in the context of the scenario:o Identify alternative solutions to meet the end-state goalso Analyze and evaluate the alternatives that you identifiedo Perform risk analysis to identify potential risks and negative consequences of the alternative solutionso Make a recommendation of the best alternative solution and explain how it best meets the desired end state