Economics questions

Help with questions! If you could provide explanation too, I would be grateful

The following screenshots are from previous exercised • The answers and explanations have been included • I have added these as you need knowledge of the model used in the old homework to help with the questions I have now • You may want to check the new questions before going through the model • The new questions (which I need help with) will be included after the old homework questions and explainations

New Questions (3 total)

• Please solve the new questions • Please do so in a way in which I can then learn from how you answered them

Q1

Q1

Q1

Q2

Q3