For the demand function Q = 800 6P + 2A2 0.00511"2 where P is the price of the good, A is the alternative price of an alternative goodr and Y the income of the consumers. When.P=5,A=5andY=120 1. the price elasticity of demand is C], 2. the crossprice elasticity of demand is C], 3. the income elasticity of demand is C]. 4. Is the good superior or inferior? E], 5. Is the alternative good a substitute or a complement? E] Enter noninteger numerical values as decimals to at least 3 decimal places. Note: you must use a . and not , for a decimal point. An individuals utility function is given by U = 200x1 + 800x2 + 3x1x2 x? Jig/2, when the weekly amount of leisure is x1 = 136 and earned income is x2 = 720 answer the following: 1. The marginal utility of x1 is C], 2. The marginal utility of x2 is 3. Use the small increments formula to estimate the change in the utility when x1 decreases by 1 and x2 increases by 4. The change = C]. 4. Does the law ofdiminishing marginal utility hold? 5. The MRCS at a given values is C]