11) You are contemplating depositing $1,000 in a savings account that pays 8% annual interest and holding it there for two years. However, a friend asks you to lend them the money instead a) If he offers to repay you $X at the end of year two, how big must X be to induce you to loan him the money? b) If he offers to repay $500 at the end of year one and $Y at the end of two, how big must Y be to induce you to loan him the money? 12) A competitive firm has to pay fixed costs of $200 plus $20 for labor and raw materials for each unit produced of good X. Write an expression for the minimum amount q the firm must produce and sell in order not to lose money (i.e., make a negative profit) in terms of the good's price p