Instructions: Attempts all problems. Full marks will only be awarded where full working is shown or explanation given. 1. Tony store sells two products. Product A sells for $100 per unit, and has unit variable costs of $60. Product B sells for $70 per unit, and has unit variable costs of $50. Currently, Tony store sells three units of product A for every one unit of product B sold. Tony store has fixed costs of $750,000. How many units would Tony store have to sell to earn a profit of $300,000? [ 5 pts] 2. At a price of $1.94 per bushel, the supply of corn is 9,800 million bushels and the demand 1s 9,300 million bushels. At a price of 1.82 per bushel, the supply is 9,400 million bushels and the demand is 9,500 million bushels. [3 pts each] 1) Find a price supply equation of the formp=mx +b 11) Find a price demand equation of the formp=mx +b 111) Find the equilibrium point. 1v) Graph the price supply equation, price demand equation, and equilibrium point in the same coordinate 3. Solve the following equations: [2 pts each] )-34-x)=5-(x+1) i) (1-4h) +4