Hello. I am struggling to answer these 5 questions for my Microeconomics ECO 110 class. Any help answering these questions so I understand for future reference would be a great help. Thank you again for the time and effort to help me.

Question 1 (10 points) Vocab (Unit 12) In a farmers market, demand for each farmers' tomatoes is perfectly l l Q/ (elastic/inelastic) at a price of P\" because tomatoes are 5/ (homogeneous/differentiated), which means that consumers think every farmers' tomatoes are "the same" quality. Every farmer charges P\" for their tomatoes because if they raise the price, customers will leave and then they'll make l 15/ (profits/ losses), and if they lower the price they'll make {y (profits/ losses) since they're selling below minimum l 15/ (ma rginal/average total) costs Question 2 (10 points) Identifying Shutdown Times (Unit 12) Ezoca, LLC recently conducted an audit of the average number of units it sells each week, given in the table below: Units sold (typical week) Hours Monday Tuesday Wednesday Thursday Friday 9am 17 72 17 83 35 11am 40 29 23 51 49 1pm 35 14 70 31 35 3pm 26 31 28 24 41 5pm 59 14 12 62 79 7pm 52 18 22 81 58 Suppose the price of Ezoca's product is $7 per unit and total expenses are $300 per hour. What should Ezoca do in each of the time slots listed below? Hint: copying the data and using ExcelO formulas will save you a TON of time. If you don't know how to use them, Mr O can help! 9am Monday 3pm Tuesday 9am Thursday 1pm Monday 1pm Thursday 1pm Tuesday 7pm Wednesday 1. Open for business 3pm Wednesday 2. Shutdown 3. Exit 1pm Wednesday 11am Thursday 11am Friday 3pm Friday 11am Monday 5pm Wednesday 11am Wednesday Hide hint for Question 2 Here are the steps for using Excel 1. Copy the table into Excel@ or another spreadsheet software 2. In an unused cell, type =7* and then click on the 9am Monday cell (for example, B2) 3. In the same cell, type -300 so that the whole formula says (for example) =7*B2-300 4. Hit "Enter" and Excel@ will calculate the value for you 5. Drag the formula down and right to calculate values for all of the other times 6. The negative values indicate times when the firm should be closed. You need to decide if this means "shutdown" or "exit"Question 3 (10 points) Equilibrium (Unit 3) Suppose that the Supply and Demand of pretzels (Q?) are given by Q = 16 + 2 P Q = 402 - 3 P What is the equilibrium quantity (Q*} of pretzels? Round your answer to two {2) decimal places Your Answer: Answer I) Add attachments to support your work BHide hint for Question 3 The equilibrium price can be found by finding where Supply and Demand cross Then the equilibrium quantity can be found by plugging P\" into either equation Question 4 (10 points) Elasticity (Unit 6) A Demand curve is given by Q = 300 - 5 P What is the point elasticity of demand (Ed) at P = 47.74? Round to 2 decimal places Your Answer: Answer D Add attachments to support your work BHide hint for Question 4 Remember, the formula is Ed = % >