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Assignment Instructions: This would be a group Assignment worth 10% of the grading and each group shall comprise

of maximum of five students. Every group needs to submit the assignment, and later present it in the class session. The presentation should cover all the significant information contained in the assignment, followed by the question and answer session. Task: 1. Come up with a business idea; explain your product and its market. (More innovative and original the idea would be, greater will be your group score). 2. Determine the demand function of your business and explain each independent variable and their relation in detail. 3. Determine the production function of your business and explain in detail the independent variables. (The demand and production function should be close to reality) 4. Presentation. Submit the soft copy of your assignment through email on mughees.m@gmail.com by 11:59 pm on July 7th, 2013. Presentation date will be communicated later.