1. If your income is $50, and the prices of A, B, and C are $4, $3, and $2 respectively, what quantities of each product will you purchase to maximize utility? (50pts) $4 MU (A) $3 MU (B) $2 MU (C) 45 40 25 N 40 24 21 32 15 15 24 12 10 5 6 6 6 2. What is the GDP? Use the expenditure approach to measure the GDP and why is it important that we measure the GDP? (30pts) 3. Sketch and explain the circular flow. (20pts) es of each espec