1. Bravo is a well-known farmer from southern province of Zambia who interacts with other members of the Zambia Farmers Association (ZFA) to agree on where to supply their farm onions and tomatoes. Each farming season, he gathers his fellow farmers to discuss on the best onion and tomato pricing model. Assess the above scenario and appropriately use the Zambian statute to discuss the above somewhat behavioral economics.

2. Muchuu is a wheat farmer who sells a bushel of wheat to millers for K10.00. The miller turns the wheat into flour and then sells the flour to a baker for K30.00. The baker uses the flour to make bread and sells the bread to a student for K60.00. The student eats the bread. What is the value added by each person? Calculate GDP.

Discuss the three methods of measuring National Income?

3. (a) Dr. Muchuu runs a sole firm in Zambia called Elena Enterprises such that he is the only supplier of infrared thermometers. Kindly state the scientific name given to Dr. Muchuu and briefly describe the features of Elena Enterprises. Graphically differentiate Elena Enterprises from a perfect competitive market.

(b) A certain region licensed only one firm to supply tap water within that region. Graphically illustrate why it is more economical to have a sole water supplier in a particular region.

4. Muchuu's old corolla emits a lot of carbon such that it contaminates the entire compound. This carbon emission state is closely related to two (2) depravities that you once learnt in class. You are mandated to briefly explain these 2 economic depravities that affect literally most Zambians. (Hint: cause, effect and cure).