Question: I need help on these 2 micro questions: Question 3 (4 points) Philip is a taxi driver in Calgary and earns $20 per hour. On

I need help on these 2 micro questions:

I need help on these 2 micro questions: Question 3 (4 points)Philip is a taxi driver in Calgary and earns $20 per hour.

Question 3 (4 points) Philip is a taxi driver in Calgary and earns $20 per hour. On Friday, he is scheduled to work a 10 hour shift. However, his favourite band is playing at a club in Calgary on Friday, and he is considering skipping a full day of work to see the show. A ticket for the concert costs $25. What is the opportunity cost for Robert to attend the show? Use the broad denition of the opportunity cost and pick the best answer. Question 4 (4 points) Which of the following statements is a normative statement? O Ination and unemployment in Brazil in 2012 are positively correlated. O Building additional irrigation infrastructure will increase the quantity of crops harvested. 0 Rather than targeting a 5% economic growth, the government should eradicate inequality instead. 0 All birds in Calgary are red

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