Question: could you answer this? Professional Assignment #1-CLO 1, CLO 2, CLO 3, CLO 4 Using the graph below, develop a two-to four-page response in APA
Professional Assignment \#1-CLO 1, CLO 2, CLO 3, CLO 4 Using the graph below, develop a two-to four-page response in APA format using the following four-question prompt: Question 1 What is the maximum amount you would pay for an asset that generates an income of $250,000 at the end of each of five years if the opportunity cost of using funds is 8% ? Question 2 Suppose the supply function for product x is given by 0,5=30+20x492 - How much of product x is produced when px5600 and p s =560 ? - How much of product x is produced when px=$80 and p2=560 - Suppose Pz=$60. Determine the supply functionand nverse supply functon for good X Graph the inverse supply function. Question 3 4. and the cross-price elasticity of demand between it and good Yis 2 Determine how much the consumption of this good will change if: - The price of good x decreases by 6%. - The price of good Yincreases by 700 - Advertising decreases by 29%. - income increases by 396 . Question 4 - A consumer is in equilibrium at point A in the accompanying figure. The price of good Xis $5. - What is the price of good r? - What is the consumer's income? - At point A how many urits of good X does the consumer purchase? - Suppose the budget line changes so that the consumer achleves a new equilibrium at point B. What change in the economic environment led to this new equilibrium? is the consumer positively or negatively affected by the price change
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