3. Amid the wild rice farmer is based out of northern Saskatchewan where his rice can grow with abundanoe. Amid generated a large economic profit this year from a great season of increased demand for him rice. who is it doubtful that Arvid Wl\" e'urer realize these same significant long run economic profits in the future for his rice farm? {2 marks] 4. Governments may.r impose rules and regulations that could cause a monopolist to lose money. Rather than shut down what are 3 possible solutions to this problem? {3 Marksll Which of the following would he considered a xed cost {identied as F0] or a 1u'arialzile cost {identied as RIC} for a rm in the short run? Write either UC or F0 in the space provided. {4 marks] 5 new hairdressers at a local hair shop. $250,000 franchising fee to open a new 1011000 square foot Walmart store. 10 varieties of ice cream toppings at the local ice cream store. The power bill at a manufacturing plant Tracy is running her family's apple growing business. Her family has had the farm for generations. Recently, times have gotten very, yerytough economically. for her. at what PRICE would Tracy decide it is time to shutdown her operation, if she was a typical farmer in the apple industry? What should Tracy reference to help her make this decision? [2 marks}