Trident ECOL100 2019 April Module 3 Case Latest Question # 00600484 Course Code : ECOL100 Subject: Economics Due on: 04/18/2019 Posted On: 04/18/2019 04:35 AM Tutorials: 1 Rating: 4.6/5

Module 3 –
Case

EFFICIENCY AND ADAPTATION

Assignment Overview

As we begin to consider some parallels between the business
world and the natural world, we can identify some very similar patterns in
extinction, adaptation, and supply and demand in both. For example, an organism
faces many challenges as it attempts to survive in the natural world, just as a
business will struggle to succeed in the marketplace. When resources in the
environment are limited, like consumers in the marketplace, organisms and
businesses will compete. Those that can maximize their efficiency at production
will succeed over those that cannot. Let’s look at how the principles of
economics determine the role that these costs play in the success of species in
the wild and a business in the marketplace.

Case Assignment

Part I

In Module 1 you were first introduced to communities.
Organisms within communities interact primarily through the following ways:
competition, predation, and symbiosis. View the following PowerPoint on
Interactions within Communities. Read about the unusual relationship documented
between Ethiopian wolves and Gelada monkeys at the website below or read about
the symbiotic relationship between badgers and coyotes. Chose only one of the
articles below to answer Part I using the following questions:

1.
Luntz, S. (2015). Symbiotic partnership between
monkeys and wolves discovered. Accessed on IFL Science on August 16, 2016, at
http://www.iflscience.com/plants-and-animals/monkey-wolf-symbiosis/

or

2. Haemig, P. D. (2012). Badger-coyote associations.
Ecology. Info 11. Retrieved from http://www.ecology.info/badger-coyote.htm

1. What type of relationship is found between the Gelada
monkeys and Ethiopian wolves or badgers and coyotes?

2. What are the short-term and long-term benefits for each
species you read about in the article you selected?

3. What are some of the costs for each of the species as a
result of their mutual relationship?

4. Do you think their relationship could change if resources
became scarce? Why or why not?

Part II

Now consider the benefits and costs to businesses in the
marketplace: Choose one of the following businesses that are now extinct:
Circuit City, Pan Am, or Tower Records. Address the following questions in Part
II of your assignment:

1. What were
some of the long-run costs associated with operating the business?

2. Who were
their competitors?

3. What were
the factors that contributed to the decision to shut down the business?

4. Do you
think your chosen company could have been successful by adopting a mutually
beneficial partnership, similar to organisms in the wild? Why or why not?

Assignment Expectations

Organize this essay assignment using subtitles that
summarize the topic from each question above. For example, to answer Question
1, use a descriptive subtitle like the following: Part I: Symbiotic
Relationship Between Coyotes and Badgers.

Answer each question under the subtitle using complete
sentences that relate back to the question. Be sure to use APA formatting
throughout your essay with 1-inch margins, 12-point type, and double spacing
throughout. Include a title page, introduction, answers to the questions with
subtitles, and concluding paragraph. Remember to include in-text citations
within the body of the essay referencing your resources (e.g., Murray, 2014).
Also, be sure to include a reference section at the end of your assignment
listing all required readings and any additional resources you used to complete
your essay. A helpful guide to writing a quality essay can be found in
Trident’s Student Guide to Writing a High-Quality Academic Paper. This guide
also provides links to example essays written in APA format.

Direct quotes should be limited and must be designated by
quotation marks. Paraphrased ideas must give credit to the original author, for
example: (Murray, 2014). Direct copying from “homework help” websites will not
receive credit. Once you have completed your assignment within a Word document,
please upload your final version to the Case 3 Dropbox. Please also note your
Turnitin originality score and make revisions as needed. Please contact your
instructor with any questions.