Microeconomics Answers

Ghana is well noted for cocoa production. With the use of a diagram, explain how a technological advancement in cocoa production can affect supply of cocoa.

what represent the tabular form of quantity demandesof a particular product during given period of time

If D(p)=100/p and c(y)=y²

what is the optimal level of output of the monopolist?

Explain how the income effect influences food purchases and provide some examples of the income effect that might occur when the price of food rises, and other things remain the same

Suggest the probable modes of investments to your parents in case of savings in the budget?

Find out the financial position of your family by calculating the Income and Expenditure

data. Clearly mention if you find any savings? Discuss the possibilities of Loan in case of

excess expenditures?

Calculate the consumption of goods and services in your family in the following categories:

a. Groceries like food items Consumption Prices Amount(Rs.)

(A) Meat items

1. Chicken

2. Beef

3. Mutton

4. Any other

b. Pulses

c. Spices

d. Other items

e. Utilities

(A) Electricity

(B) Gas

(C) Water

(D) Internet

(E) Drainage and Conservancy

(F) Any Other

f. Conveyance

(A) Father’s office

(B) Mother’s shopping

(C) Siblings schooling

(D) Yours University

(E) Any other (if any)

g. Tuition Fees (if any)

(A) School...(Siblings)

(B) College..(Siblings)

(C) University (Yours + Siblings)

(D) Tuition (Yours + Siblings)

(E) Any Other

h. Medical Charges (if any)

(A) Grand Parents (if any)

(B) Parents (if any)

(C) Yours and Siblings (if any)

(D) Any other

First calculate the Income of your family by using the following formula:

Family Income = Last Two digit of your enrolment number * Parents + Number of siblings

* 500

 You need to make the budget of your home with the help of your parents and analyze the

budget during the month of Ramadan-Karim. Also, highlight the significant changes you’ve

seen with the commence of holy month Ramadan-Karim. The facts and figure must be

rational and logical (don’t just put figures randomly but get the prices data from the market

because I’ll check the same from the markets).

. If the government imposed a federal interest rate ceiling of 20% on all loans, who would gain and who would lose?