I only have a problem with question with 3,4,5

ive? What are the normative issues we might want to be concerned off ul8 Tickets for the Glastonbury Festival go on sale, the demand exceeds supply by a considerable margin. Many people who are willing to pay the price for tickets are excluded from the market. Explain how charging a higher price market allocation? Explain. for tickets for the Glastonbury Festival would lead to a more efficient market allocation. Would this also be an equitable PROBLEMS AND APPLICATIONS 1 How would you define the concept of welfare? If well-being is about happiness and satisfaction with life, how would you, as an economist, go about trying to define and quantify happiness and satisfaction with life? Is it possible to do so? 2 An early freeze in Normandy ruins half of the apple harvest. What happens to consumer surplus in the market for apples? What happens to consumer surplus in the market for cider? Illustrate your answers with diagrams. 3 Suppose the demand for French bread rises. What happens to producer surplus in the market for French bread? What happens to producer surplus in the market for flour? Illustrate your answers with diagrams. 4 It is a hot day, and Gunter is thirsty. Here is the value, in money terms, he places on a bottle of water: Value of first bottle E7 Value of second bottle 65 Value of third bottle . E3 Value of fourth bottle 61 a. From this information, derive Gunter's demand schedule. Graph his demand curve for bottled water. b. If the price of a bottle of water is E4, how many bottles does Gunter buy? How much consumer surplus does Gunter get from his purchases? Show Gunter's consumer surplus on your graph. c. If the price falls to $2, how does quantity demanded change? How does Gunter's consumer surplus change? Show these changes on your graph. 5 Maria owns a water pump. Because pumping large amounts of water is harder than pumping small amounts, the cost of producing a bottle of water rises as she pumps more. Here is the cost she incurs to produce each bottle of water: Cost of first bottle e1 Cost of second bottle 63 Cost of third bottle