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i need this as soon as possible few hours d. Evergreen company specializes in supplying online awning materials and wishes to increase its total revenue.

i need this as soon as possible few hours
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d. Evergreen company specializes in supplying online awning materials and wishes to increase its total revenue. Based on past consumer oaline behavior, Evergreen company can categorized its customers into two different markets: Lrhan and Rural markets. Below table slows how the two regions sespond to a 25% retate. i. Using the midpoint method, ealculate the price clasticities of demand for both regions. (4 maris) ii. If Evergreed conpany wants to boost its sales and income, should the rebute be offered to Urban or Rural region in Malaysia, or both regions, or neiaber regions? Justify your answer. (4 marks) [Total: 20 marks] 3. Answer all of the follewing questions: (a) Given Adam's incoorse is $200 / week and he can snly spend on either book or pirma which eosts $50 and $25 respectively. Use an appropriate diagram to explain the cconomic concepts sach as scarcity, choice and opportunity cost faced by Adam. (10 marks) (b) (i) Assume Lily spent all her income on all the good below (represented by bandies A,B,C, and D) with their respective marginal utility (hased on the last unit of good consumed). The price of Good 1 is $1, the price of Good 2 is $2, the price of Good 3 is $3 and the price of Good 4 is $4. Coempute and explain which bundle of goods she will consume to maximizes ber total utility. (5 marks) (ii) If MU1P1>MU2P2>MU3P3>MU4P4, explain how Lily can adjust her spending to maximize cosal satisfaction. (3 marks) (iii) If her incoene doabled, what will happen to ber badget line and toeal satisfsction? 1. Use a demand-supply diagram to explain how the following factors will affect the equilibrium price and output of the Gold market: a. People are afraid that the world stock and bond markets will crash soon. (5 marks) b. There is a discover of a very big gold mine in South America. (5 marks) c. Scientists discover that gold can be used for a wide variety of industrial machinery and products. (5 marks) d. Consumers in China and India are increasingly interested in keeping gold ornamnets

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