Module 2 - SLPConsumer Behavior, Production and CostsSLP Assignment Expectations Economic Impacts for Producers This week’s case focused on the consumer side of economics. Producers must manage more constr

Module 2 - SLPConsumer Behavior, Production and CostsSLP Assignment Expectations

Economic Impacts for Producers

This week’s case focused on the consumer side of economics. Producers must manage more constraints in their decision-making.

Session Long Project 2 Resources

Producer Price Index (PPI) (2024) Purchasing Power (2024) The Producer Price Index: What it is and why it matters (2024) The Market System as an Efficient Mechanism for InformationGross Output by IndustryCensus Bureau Index of Economic Activity

SLP Assignment

Economic Constraints and the Producer

The Course Data File contains the Product for this assignment.

Research the product from an economic standpoint (include supply and demand, cost). Describe what has been happening in the product market over the last year. This section must be 1/2 page in length.

Next, discuss trends in the overall Producer Price Index (PPI). Using the two most recent monthly Producer Price Index Detailed Report, create a graph or chart (not a table) using Excel that shows changes in the product’s INDEX over time (at least 4 months of data). Discuss the percentage change over time. Provide a brief description of each visual. How to Label Figures in APA Format (Research Required)

This section must be 1/2 page in length (not including Excel visual).

As a conclusion, analyze how producers reacted to price, demand, or supply changes. Explain it using economic terminology. (Research Required). This section will be 1/2 page in length.

SLP 2 Assignment Guidance FilesBUS530 SLP 2 Assignment Video GuidanceBUS530 SLP 2 Assignment Guide

No quotations are permitted in this paper. Since you are engaging in research, be sure to cite and reference the sources in APA format. NOTE: Failure to use research with accompanying citations to support content will result in reduced scoring “Level 2-Developing” across the grading rubric. This is a professional paper; not a personal one based on feelings. It must be written in the third person; this means words like “I”, “we,” and “you” are not appropriate.