Good evening, i need help finding the solutions from questions 5-8, provide the most reasonable answer as there is no reading material involved

QUESTION 1 Corinthian Hills (C.H.) is a highly guarded private subdivision in which most of the residents are wealthy individuals and families. One of the residents donated a massive park (i.e. has enough space for simultaneous use of residents) in the middle of the subdivision where other homeowners can have a picnic or hold an outdoor party. An outsider knew about this park and decided to hold his birthday party there. However, he needs the permission of the homeowner's association of C.H. to proceed with his celebration. 1. The private park is considered a private good 2. The private park is considered a collective good. 3. The private park is always non-rivalrous but sometimes excludable. Which of the following statements is true? Only 1 is true. Only 2 is true. Both 1 and 3 are true. Both 2 and 3 are true. None of the above are true. QUESTION 2 Lisa, Tionne and Rozonda are neighbours who wish to construct a beach volleyball court on the empty land that all three of their properties enclose. The beach volleyball court will cost approximately $50,000. The three are happy to share this cost to ensure that they can always use the court, even if another is using it. Lisa values the court at $22,000; Tionne values the court at $12,000. Which of the following statements are true? If Rozonda values the court at $15,000 the court will be constructed. No individual will pay for the court on their own. If Lisa, Tionne and Rozonda only wished to play with different people, and not with each other, the court could become rivalrous and may not be constructed. The beach volleyball court is an example of a private good.QUESTION 3 Princey and Ahern share a Notflix account which requires they pay one monthly subscription fee and both men can watch the TV shows they like on their own mobile device. The two of them watch the TV show "Brooklyn Eight Eight" on Notflix. Their neighbour, Sarah, doesn't have a Notflix account and instead buys a physical DVD of "Brooklyn Eight Eight". Select the item from the list provided to make the following statements true. As Princey and Ahern are both watching "Brooklyn Eight Eight" on Notflix at the same time, an 1. government economist would say that the TV show on Notflix is 2. retail 3. collective v Both the Notflix account and the DVD that Sarah purchases, as a result of the payments 4. binary category involved, can be classified as being 5. tragedy of the Commons If Sarah copies the contents of the DVD to a website where people can download it for free, 6. non-rivalrous and there are no issues with how many people can download it, "Brooklyn Eight Eight" then 7. excludable becomes a/an good. 8. rivalrous 9. private 10. semi-private 11. public 12. spectrum QUESTION 4 The Australian federal government is proposing a 68 million dollar initiative to upgrade the National Archives of Australia. Economists predict that the upgrade would allow the National Archives of Australia to generate an additional 11 million dollars of benefits to society through increased cultural and historical awareness. If only 23 percent of Australia's 25.8 million residents value National Archives, how much does each resident individually need to value the upgrade for this to be an efficient use of funds, taking into account the money generated by cultural and historical research benefits? Answer to the nearest whole dollar per resident (with no decimal points, spaces, $ signs, or commas in your answer).QUESTION 5 After the Covid-19 pandemic, many governments now realise the importance of having a stronger global disease prevention system. There are proposals to build a new organisation with a dedicated purpose of preventing a similar outbreak from happening. This project, Project X is estimated to cost 1.5 billion dollars. Answer the following questions: a. After doing a cost-benefit analysis, it is found that Project X will bring a total benefit of 1.59 billion dollars to citizens across the world. Would Project X be approved? Type Y for Yes or N for No b. It is proposed that all countries in the world will pay equal amounts for Project X. Assuming there are 188 countries in the world, how much will each country be paying for Project X? $ million. Answer in millions of dollars to two decimal places. c. One of the countries is Country N. Country N is suffering from climate change and had battled with many natural disasters. It is one of the poorest countries in the world and has the lowest gross domestic product (income) as compared to the other countries. If the funds were raised using a form of taxation, what tax system would result in Country N contributing the least funds? Type H for Head, P for Proportional or G for Progressive. QUESTION 6 The Queensland Minister for Transport is considering whether or not to implement reforms on Queensland's public transport service. The reforms, if implemented, will cost hundreds of millions of dollars. The Minister wishes first to find out about the current state of public transport in Queensland. 1. A census will always be preferable to a sample as it provides fuller information. 2. The Minister cannot know the value of all information received and so will be forced to rely on estimates of costs and benefits to attain the optimal level of information. 3. If the cost of a sample is five million dollars and the benefit of it is six million dollars, then this is an efficient means of gathering information. Which of the following statements are true: Only 1 is true. Only 2 is true. Both 1 and 2 are true. Both 2 and 3 are true. All three are true.QUESTION 7 Simon has a small dent in the side of his car. He goes to his local mechanic who says the dent needs fixing. The mechanic suggests replacing the whole panel, which is extremely expensive and seems to be overkill to Simon (although Simon is not an expert in this area). Which of the following statements are true: This is an example of a moral hazard problem as the mechanic is not providing the best solution for Simon. Simon should go to every other mechanic in his area to gain other opinions before he makes the decision. Simon is definitely receiving the optimal information because the mechanic is an expert and possesses more information than him. The above situation constitutes a form of market failure since Simon is not fully informed and has limited access to information in making a decision. QUESTION 8 Manami and Soojin are both selling merchandises from a well known movie The Revive Squad. Both of their merchandise comes from the same supplier with exact same quality and are sold at the same price. However, Soojin is recognised as an official merchandiser because she has more prestige and a larger customer base. The reason for this is because Soojin has been selling merchandises for 15 years whereas Manami only started for 2 years. Select the item from the list provided to make the following statements true. Soojin's title as an official merchandiser and her prestige is an example of 1. principal-agent problem 2. 4 searches Continuing from 1., a buyer relies on such signals as a result from 3. asymmetric information Mansi is a buyer, her marginal cost of searching is $1.50 per search. Her expected value of 4. economic profit marginal benefit of searching is $9. Her optimal number of search should be 5. 6 searches 6. moral hazard 7. 10 searches 8. costly to fake principle 9. an efficient outcome 10. risk aversion 11.7 searches 12. risk loving