Covid 19 impact on perfect competition market as well as Monopoly market

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Covid 19 impact on perfect competition market as well as Monopoly market

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In which of the following industries do firms set prices? a. competitive markets, but not monopoly markets b. monopoly markets, but not competitive markets c. competitive and monopoly markets d. neither competitive nor monopoly markets
Consider a consumer who is choosing how many of two goods to buy: Footballs and cricket balls. The consumer has an income of $20, and the cost of a football is $4 and a cricket ball is $2. (a) Write down the equation for the consumer’s budget constraint and graph it.(b) The government decides that football is evil and needs to be taxed. They introduce a 50% tax on each football sold. Rewrite and re-graph the budget constraint.(c) A new government is elected that hates all sports. They now tax both footballs and cricket balls at 50%. What does the budget constraint look like now?
The Ghana Economic Management Association wishes to have information on the mean income of store managers in the retail industry. A random sample of 256 managers reveals a sample mean of Ghc45,420. The standard deviation of this population is Ghc2,050. What is a reasonable range of values for the population mean? Interpret your results.
There is a market of computer i.e there is some demand and supply of computer shown in the diagram the effect on the demand and supply curve, the equilibrium quantity if the salaries of electronic technician go up explain in Word also
Ellie enjoys basketball (b) and soccer (s) according to the function UU(bb, ss) = 3bb + 4ss. She has $120 to spend on lessons and each basketball or soccer lesson costs $30. a. What does Ellie’s utility function say about her MRS of basketball for soccer? What do her indifference curves look like? b. How many basketball and soccer lessons should Ellie buy to maximize her utility? c. Would the number of basketball lessons Ellie buys change if she had more money to spend? Explain your answer.
Use the formula for the two demand curves to compute the quantity demanded shown by each curve at a price of $17.
Consider a consumer who is choosing how many of two goods to buy: Footballs and cricket balls. The consumer has an income of $20, and the cost of a football is $4 and a cricket ball is $2. (a) Write down the equation for the consumer’s budget constraint and graph it.(b) The government decides that football is evil and needs to be taxed. They introduce a 50% tax on each football sold. Rewrite and re-graph the budget constraint.(c) A new government is elected that hates all sports. They now tax both footballs and cricket balls at 50%. What does the budget constraint look like now?
Assume an area is composed exclusively of apartments and populated by low-income residents. The people live in that area because (1) they cannot afford to live in other areas of the city, (2) they prefer to live with people of their own ethnic group, or (3) there is discrimination against them in other areas of the city. Rents paid are a very high percent of peoples' incomes. i. Would the demand for apartments be relatively inelastic or relatively elastic? State why. ii. Would the supply of apartments in this area be relatively inelastic or relatively elastic? State why. iii. Draw the demand and supply curves, showing the first equilibrium price and quantity. iv. Assume the state creates a rent supplement program where the renter is required to pay 30% Of income in rent. Any more rent is paid by the state to a limit. If the rent is C500, the other C200 would be paid by the state. Analyze the results and Show the changes on the graph. Who gains and who loses from this program?