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 ScenarioWrite a 1040- to 1400- word report where you explain the following in the context of the scenario:Identify alternative solutions to meet the end-state goalsAnalyze and evaluate the alternatives that you identifiedPerform risk analysis to identify potential risks and negative consequences of the alternative solutionsMake a recommendation of the best alternative solution and explain how it best meets the desired end state
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