Economics Homework Help

Please followed the instruction and answering all parts of questions.

There are total 3 parts questions.

There will be 150 total points corresponding to 150 minutes (2½ hours); these points will then be converted to a percentage. Allocate your time accord­ing to the points; for example, do not spend more than 10 minutes on a part worth 10 points.

Show your work for all calculations to show how you did them (to demonstrate your understanding) and to qualify for partial credit.

Thank you so much for helping, will tip if the work is well done!