whats the extent of search quality, experience quality, and credence quality for each of the following situations:

a. Buying a personal computer

b. Applying to graduate school

c. Setting up a retirement program

d. Dining at a local restaurant e. Visiting a theme park

What are some common logical fallacies (section 3.9) that you have witnessed in your life? (at work/school, in conversation, TV, Internet, etc.)

They can be related to technology, try not to get overly political in nature. Avoid Ad Hominem arguments in discussion.

Write a feasibility report evaluating the feasibility of two alternatives to the following situation. Explain your criteria clearly, evaluate each alternative, and recommend the best course of action. Is it feasible for your school to offer free space for student web pages? Will content be monitored

THE FOLLOWING DATA APPLY TO THE NEXT THREE PROBLEMS Johnny and Ronny have both been given $50,000 by their grandparents today on their 21st birthdays. They want to save for their future and have aspirations of one day being millionaires. Both boys plan to make annual contributions on their birthday, beginning next year. Johnny and Ronny have each opened investment accounts at Chase and Wells Fargo, respectively, and they expect to earn nominal returns of 8% and 9% respectively. Johnny has already decided to deposit $8,000 each year into his investment account, while Ronny is unsure of the amount he will deposit annually.

How many years will it take Johnny before he reaches his investment goal of $1 million?

If Ronny decides to make the same annual contributions as Tommy, how much sooner (in years) would he reach the investment goal?

Suppose Ronny was interested in reaching the investment goal at the same time as Johnny. What is the minimum monthly contribution he could make to reach $1 million at the same time as Johnny?

Several companies have done a poor monitoring of the social aspects of the external environment. This meant that their strategies did not fit the needs of the market, and hence they failed. This is most noticeable among firms who market to Generation Y. This target group consists of customers who range in age from 5 to 20. Dubbed Gen Y" this cohort presented a big challenge to marketers such as Levi Strauss, Nike and Pepsi because of their unique tastes and perceptions of product quality and advertising themes.

Companies that succeeded in reaching Generation Y customers accurately sensed the unique needs of this market. For example, Lee Apparel (a competitor of Levi Strauss) introduced a special line of oversized, multipocketed pants aimed at 10-14 year old boys. This unique product was marketed on the internet, outdoor posters, and skateboard magazines. By carefully customizing their marketing, successful companies (such as Coca-Cola, Tommy Hilfiger, and Motorola) penetrated a market which was seen as impregnable by others.

While it is difficult to accurately forecast social changes, how can firms best factor these changes into their strategies in order to be successful?

Key objective: discovering zero economic profit in a small-business operating in the perfect competition of market structure.

Setting: As a manager and an entrepreneur, you will face a new challenge – business venture structured on the theory of the firm. You are opening a restaurant in your selected town in the State of NY (please name it up front in your assignment). As to simplify the scope of your consideration, we narrow down the problem with several assumptions. You will be serving just a meal in the evening. You also consider a stable level of sales at the full capacity reached; just ignore the slow period of market entry. Make your assessment only per one-month period. Make sure that the targeted level of operations is feasible.

Instruction: You need to apply and discuss relevant economic concepts and tools with supporting data to solve this real-life imitating simulation. Please include also a one-page executive summary for the business plan with assumptions and the goal set, based on the market conditions examined by you. Please make sure that all parts fit in well and make a comprehensive picture with the compromise on the final concept of the business model adopted.

Outline: Please analyze, based on the demand and supply model, the following issues:

•      number of meals sold and prices charged,

•      price elasticity of demand and how to address it in your business

•      total revenue

•      possible challenges

•      fixed costs and variable costs and marginal cost

•      cost of inputs

•      total cost and unit cost (average total cost)

•      diminishing marginal product

•      economies and diseconomies of scale

•      total profit and profit per unit.

Ruby lives in the community. She is very independent at 89. Ruby has had a hip replacement, and has difficulties walking long distances, but she prefers to walk when she can. She is about a ten minute walk from the shops and often walks into town for a coffee, or to buy her groceries.

Walking home one day, Ruby trips on a broken paver and falls. She cannot get up. A neighbour runs to help and calls an ambulance. Ruby spends four nights in the hospital. She wants to go home, but the health professionals want to make sure Ruby is stable and safe before any decisions are made

1.You are providing support services to Ruby and have identified with her that her goal is to continue living independently in the community. When planning service delivery, what types of resources would you look at in order to deliver identified services that will allow her to do this?

2.Explain three ways in which you would support Ruby to access and negotiate resources

3.What are two actions that should be taken if one of the services Ruby requires is no longer able to provide the level of support required?

4. How could you ensure that the action you take to minimise disruption to service delivery if a service is no longer able to provide the level of support Ruby requires? Identify two methods you would use.

5.Who could you consult when making decisions about Ruby’s new service delivery plan? approx 25 words

6.