Writing Requirements (APA format)
• Length: 2-4 pages (not including title page or references page)
• 1-inch margins
• Double spaced
• 12-point Times New Roman font
• Title page
• References page (minimum of 3 sources) It can be the same for both papers
• Locate a news article discussing a social services business failure or closure. identify the root causes for the failure, examining the short run and long run. Use graphs if necessary.
• Assume the business was in a perfectly competitive market. How do firms in a perfectly competitive market determine price and profit-maximizing output levels? How did these conditions affect the decision to close?
• List and briefly explain the features of a perfectly competitive market structure.
• How do firms in a perfectly competitive market determine price and profit-maximizing output levels
• According to Papanicolas, Woskie, and Jha (2018), the main drivers of the cost of healthcare in the U.S are “labor and goods, including pharmaceuticals and devices, and administrative costs” (Key Points section, para. 2). This (labor and goods as drivers of cost) occurs in higher education and in the arts as well. Imagine that you are the Chief Financial Officer (CFO) of a large medical facility, a higher education institution, or an arts organization (select one to frame your response). What cost-cutting measures would you propose to address the excessive cost of operating the facility while maintaining the quality of services?
