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Chapter 6 - Written Assignment (Professional Business Letter) Due Date: See Lesson Schedule for all assignment due dates Purpose: The purpose of this assignment is to familiarize you with the various costs of production and to practice writing a professional letter. Skills: This assignment will help improve your communication and professional writing skills and understand the different short run costs of production. Knowledge: This assignment will sharpen your understanding of the various economic costs of production, the difference between accounting and economic costs, as well as the concepts of diminishing marginal returns and economies of scale. Task: Please draft the following information into a formal, professional letter that you are sending to your boss or to your local venture capitalist to try and convince them to invest in your business. Think Shark TankLinks to an external site. if you have watched that program. You can visit the Purdue Writing LabLinks to an external site. for a sample business letter. Put your letter on Letterhead (you can find letterhead templates in Microsoft Word and I'm sure Google Office has them, too). Think of a business you may be interested in starting and explain the following in the body of your letter to the Sharks (venture capitalists) (assume the venture capitalist knows nothing about business or economics):