Discuss the main assumptions of perfect competition and monopolistic competition.

Discuss the impact of Covid-19 on small grocery stores. Compare this with big businesses like Woolworths and Coles. Highlight the impact of the crisis using the models on market structure (hint: think of models on perfect competition, monopoly, monopolistic competition, oligopoly).

The more price elastic is the demand for a good or service, the higher will be the acutal margin. Do you agree with this statement? Explain.

Discuss the main assumptions of perfect competition and monopolistic competition.

Discuss the impact of Covid-19 on small grocery stores. Compare this with big businesses like Woolworths and Coles. Highlight the impact of the crisis using the models on market structure (hint: think of models on perfect competition, monopoly, monopolistic competition, oligopoly).

Discuss the elasticity of the following goods before and after Covid-19 (assuming that all restrictions have been eased):

1. Eating out
2. Fruit and vegetable
3. Movies
4. Cars
5. i-Phones

In 200-250 words, provide a narrative summary of your progress on your research and report. The narrative summary should address one of three the following questions:

• Do you have a clear understanding of what you will write about in the research paper, based on your proposal and the research you have done since then? Has your research helped you to refine your argument, or has it expanded your paper into something larger or more complex than you expected?
• Do you feel you have a good sense of how to manage the information you've collected? In general, are you finding information that you expected/hoped to find, or are you not finding what you had hoped to?
• What tasks still need to be completed for your project, and in what order? Is your work ahead of schedule, right on schedule, or behind schedule? Alternatively, do you have a good balance between work accomplished and work to be done?

Some economists have observed that the standard of living for the poorest third of the world is falling behind the standard for the rest of the world and is not improving very quickly. What are some factors that might influence the economic status of such countries?

1. Explain in detail the difference between Documentary Letter of Credit and Documentary Collections. Also describe the possible risks and where best used in International Trade.

Explain imperfect and perfect competition?

How market power causes the market failure. When is the market doesn't achieve social welfare?

Texas Government:

In terms of controlling statewide offices, how do the various political parties fare?

There seems to be a surge in national debt during the GW Bush and Obama administrations. Why is that?

A discussion of an economic policy area where the line between state and national control is not working.

What are the pros and cons of existing U.S. data privacy laws and why do you support or oppose reforming these laws with an alternative such as the GDPR?

How are the budget powers of the Texas governor characterized?

2/a/Perfect Competition
Firm cost equation: TC = 64 - 4Q + Q²
Market demand: Q = 608 - 4P
Solve for how many firms serve the market. Enter as a value.

b/Producer surplus is the:?

-Area below the market price and above the supply curve

-Minimum amount consumers will pay for a good.

-Area below the demand curve and above the market price of the good.

-Area above the supply curve but below the demand curve.

c/If demand is P = 80 - 2Q and supply is P = 20 + 3Q, what is the value of the Producer Surplus?
Enter as a value.