hello. please help me answer all 16 questions, on some of them, graphs need to be done and also there can be some abc questions, ALL of them shlyld be answer with all work done.

There are 4 images with the questions. PLEASE ANSWER ALLLL OF THEM

1. Ecuador has 1,200 units of labor available. It can produce two goods, coffee and bananas. The unit labor requirement in coffee production is 3 , while in banana production it is 2 . a. Graph Ecuador's production possibility frontier. b. What is the opportunity cost of coffee in terms of bananas? 2. Erik, local farmer from Brabant can produce two goods, Tulips and Pigs. During a year if system is efficient Erik can produce 5 pigs or 300 tulip bubbles. a. Graph Erik's production possibility frontier. b. What is the opportunity cost of Pigs in terms of Tulip? c. In the absence of trade, what would the price of Pigs in terms of Tulip be? Why? Is this LineariConstant or Increasing oppontunity cost 3. Why is money not considered to be a capital resource in economics? Why is entrepreneurial ability considered a category of economic resource, distinct from labor? What are the major functions of the entrepreneur? 4. Which of the following would be determined in the product market? a. a manager's salary. b. the price of equipment used in ta botting plant. c. the price of 80 acres of farmland. d. the price of a new pair of athletic shoes. 5. In a sentence, describe the meaning of the phrase "invisible hand." 6. True or False: Households sell finished products to businesses. 7. In tho corn market, demand often exceeds supply and supply sometimes exceeds demand. The price of corn rises and fals in response to changes in supply and demand: In which of these two statements are the terms "supply" and "demand" used correctly? Explatin. 8. Suppose the total demand for wheat and the total supply of wheat per month in the Kansas City grain market are as shown in the following table. Suppose that the government establishes a price celing of $3.70 for wheat. What might prompt the government to establish this price ceiling? Explain carefully the main effects, Demonstrate your answer graphically. Next, suppose that the govemment establishes a price floor of $4.60 for wheat. What will be the main effects of this price floor? Demonstrate your answer graphically. (draw by hand take a photo, if you don't have any other way) 9. Assume the demand for lumber suddenly rises because of a rapid growth of demand for new housing. Assume no change in supply. Why does the equilibrium price of lumber rise? What would happen if the price did not rise under the demand and supply circumstances described? 10. What are the two characteristics of pubtic goods? Explain the significance of each for public provision as opposed to private provision. What is the free-rider problem as it relates to public goods? is U.S. border patrol a public good or a private good? Why? How about satellite TV? Explain. 11. Critique: "Thank goodness we have so many government regulatory agencies. They keep Big Business in check. 12. In 2015, Paul Gauguin's painting When Will You Marry sold for $300 million. Portray this sale in a demand and supply diagram and comment on the elasticity of supply. Comedian George Carlin once mused, "If a painting can be forged well enough to fool some experts, why is the original so valuable?" Provide an answer: 13. What is the formula for measuring the price elasticity of supply? Suppose the price of apples goes up from $20 to $22 a box. In direct response, Goldsboro Farms supplles 1,200 boxes of apples instead of 1,000 boxes. Compute the coefficient of price elasticity (midpoint approach) Goldsboro's supply, Is its supply elastic, or is it inelastic? 14. In the last decade or so, there has been a dramatic expansion of small retail convenience stores (such as 7 -Eleven, Kwik Shop, and Circle K). although their prices are generally much higher than prices in large supermarkets. What explains the success of the convenience stores? (marginal utility.etc) 15. Give an example from your own life of a situation where you or someone you know uses a precommitment to overcome a self-control problem. Describe why the precommitment is useful and what it compensates for. Avoid any precommitment that was mentioned in the book. 16. Label each of the following behaviors with the correct bias or heuristic. a. Your uncle says that he knew ali along that the stock market was going to crash in 2008. b. When Fred does well at work, he credits his intelligence. When anything goes wrong, he blames his secretary, I c. Ellen thinks that being struck dead by lightning is much more likely than dying from an accidental fall at home. d. The sales of a TV that is priced at $999 rise after another very similar TV priced at $1,300 is placed next to it at the store. e. The sales of a brand of toothpaste rise after new TV commercials announce that the brand "is preferred by 4 out of 5 dentists