Those that can maximize their efficiency at production will succeed over those that cannot. Let’s look at how the principles of economics determine production costs and the role that these costs play in the success of a business. (Complete the production costs tutorial before you proceed).
In module one you were first introduced to communities. Organisms within communities interact primarily through the following ways: competition, predation and symbiosis. View the following PowerPoint on Interaction Between Communities (be sure to open the file in full view for audio capability). Read about the unusual relationship documented between Ethiopian wolves and Gelada monkeys at the website below and then answer the following questions:
Luntz, S. (2015). Symbiotic Partnership Between Monkeys and Wolves Discovered IFLScience. Accessed on August 16, 2016 at http://www.iflscience.com/plants-and-animals/monkey-wolf-symbiosis/.
Now consider the production costs to extinct businesses: choose one of the following: Kodak, Borders or Blockbuster. Do some independent research and use the production cost tutorial from the overview above to address these questions:
For this Case Assignment, answer all questions using full sentences and use Part I and Part II as your headings to organize your paper. The length of this assignment should be 3–4 pages.
You are provided with many scholarly references to complete this assignment. Include a References section that lists these and any additional sources you used in APA forma