Hello kindly help me answer these problem solving in Economics. Kindly provide clear solution for each questions. Thank you!

'l. The manager of a sole distributorship for a famous brand of automobiles was discussing with the assistant manager the planned introduction by mid-year of a new model, the XP-BO. It was decided earlier that the price he set at 9400.000. at which level the total number of units sold was estimated at 500 units annually. The assistant manager has suggested that the price should be set at a somewhat lower ievel. sav, at 91360000 in order to attract a major segment of the non-targeted market. At this lower price, 1,000 units are expected to be sold. A. Formulate the rm's linear demand equation for the product given the estimates and projections made. {3 points) B. What is the {point} price elasticity of demand at price 8400.000? At Iii-360.000? What do these value imply of the elasticity of demand for brand XP60? [6 points} Determine the total revenue (T R) function and the marginal revenue (MR) function. {4 points} 'Will total revenue increase as a result of the decision to reduce the price? If so, by how much? {3 points} Should the rm raise the price? Justify your answer. {3 points) What price and quantity combination wit! the rm realize the maximum TR? (2 points} 7101!?!\" 2- Below is a data of the per-unit costs incurred by a competitor in selling face mask per pack [5 masks per pack) per day. Output in _ _ cks AFC {P} AVG {P} ATC (Pl MC {9} 42.50 40.00 3?.50 3?.00 3?-50 33-5? 72.50 60.00 52.50 49.00 4150 4?-14 43-13 3 8 .5!- - n -- n '- .5- .0- 52.50 A. Assuming that the product's price is P58 per pack, should the competitor sell in the short-run? Why or why not? {3 points} If it decides to sell, what will be the prot-maximizing {or loss-minimizing output per day)? {3 points) What is the prot (or loss} that the seller can realize per day? (3 points} What is the prot (or loss} per pack? {3 points) B- Assuming that the product price is 242 per pack, answer the same questions in letter A. (12 points) C- Because of increasing sellers of masks in the market, the product's price further decreased to 232 per pack. Again. answer the same questions in letter A. {11 points} D. When is this seller going to shut dawn? {3 points} E. New generate the seller's supply curve at mask in the short run. {6 points}