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- Need urgently in 1/2 hourMircoeconomics production and cost concept: Several years ago, hurricane Gilbert destroyed thousands of acres of banana in Jamaica. Farmers whose crops were destroyed by the hurricane were much worse off, but farmers whose crops were not destroyed benefited from the hurricane. Why did this occur? What information would you need about the market for bananas in order to assess whether farmers as a group were hurt or helped by the floods?Why the hospitality industry is important to the society? What are the advantages of working in hospitality sector? your answers should be in essay format, 3-5 sentences.
- pharaphase the given decision making process The most complex type of buying behavior, extended decision making, occurs when purchasing unfamiliar, expensive, or infrequently purchased products (e.g., a computer, television, car or house). Consumers spend substantial amounts of time researching a large number of potential options before they buy. They speak with trusted friends, family, colleagues and sales professionals and read reviews and ratings online and in consumer magazines. Consumers participating in an extended decision making process typically take more time to make a final purchase decision and spend more time researching their options.Identify whether or not the physical therapy market contributes to market failures (market power, externalities, public goods, information issues) or failure of markets (morality, equity, consumer sovereignty). Is the government directly involved in addressing any of these issues? Also, identify what future changes you anticipate being on the horizon related to the physical therapy industry (state at least two). Identify how these changes will potentially impact this product's consumers and supplierAnswer questions 1-3 based off the cartoon.