Part #1

Read the article below:https://theconversation.com/remote-work-employers-are-taking-over-our-living-spaces-and-passing-on-costs-140610

and watch the videos:https://www.youtube.com/watch?v=nuUwcQaZVJ0 &https://www.youtube.com/watch?v=mSPi5IDz3x8

one two paragraphs where you will do the following questions:

1. How has the cost of doing business has changed as of recent? has it increased or decreased? (provide your reasoning)

2. As an employer would you allow your employees to work on a fixed location or work remotely? what are some

of the advantages and disadvantages? (explain your reasoning)

3. Does working remotely increase or decrease productivity? Why do you think this occurs? By following this

model of working from home, which businesses are more likely to improve their efficiency?

(explain your reasoning)

Part #2

watch the videos:https://www.youtube.com/watch?v=XfnRmC47TU0

https://spectrumlocalnews.com/nys/buffalo/news/2020/12/02/house-hunting-during-a-pandemic?cid=share_clip

&https://www.youtube.com/watch?v=UpBZDmwQKPQ

one two paragraphs where you will go over the following questions:

1. Why has the level of competition for real estate increased or decreased over the last year? (provide your reasoning)

2. How has the current pandemic increased the level of competition within our economy? does this helps buyers or sellers? (explain your reasoning)

3. Are the four basic assumptions of a competitive market existent in the real estate market?. Explain in words how do they imply a perfectly competitive market. (explain your reasoning)

Part #3

1. Briefly explain the nature of a perfectly competitive firm. Briefly discuss the effects of new entrants into a perfectly competitive market on existing firms that have profits in the short run.
2. Briefly explain the relationship between market price and a firm's profitability in perfectly competitive market.
3. Briefly explain how the zero-profit point and the shutdown point for a firm operating in a perfectly competitive market are each determined.
4. Briefly explain what is meant by: 1) account profit; 2) economic profit; and 3) zero economic profit.