Kindly help me to solve the following attachments.Correct answers please

Use the willingness-to-pay information about the buyers (Ariel, Bridget, and Connie) and the willingness-to-accept information about the sellers (Daniel, Etienne, and Franklin) below to construct a "stepped" demand and supply diagram like this one from my notes on Unit #7. (You'll also have one question to answer below.) Willingness-To-Pay information Ariel Bridget Connie willingness-to-pay $5 $7 $9 for the 1 widget willingness-to-pay $4 $6 $7 for the 2" widget willingness-to-pay $3 $4 $5 for the 3 widget willingness-to-pay $2 $3 $4 for the 4 widget willingness-to-pay $1 $2 $3 for the 5" widget Willingness-To-Accept information A Daniel Etienne Franklin willingness-to-1. Evan can grow both roses and carnations in his garden. His production possibility table is given below. If he is currently producing 110 roses, his opportunity cost of producing 40 more roses is: Number Number of roses of carnations 155 60 135 110 109 150 78 180 0 A. 20 carnations. B. 26 carnations. C. 31 carnations. D. 78 carnations. 2. Because you can only get more of one good by giving up some of another good, the shape of a production possibilities curve is: A. upward sloping. B. perfectly vertical. C. perfectly horizontal. D. downward sloping. AC 30 20 10 20 EggsMAT101: Week 4 Assignment Details Page 1 Week 4 Assignment: Credit Card Fees and Charges Assignment Overview Credit cards are like carrying a small loan in your wallet or purse. You are able to pay for items that you might not have available cash or sufficient funds in your checking account to purchase. The bank or other institution that issues the credit card knows that many individuals are satisfied with paying the minimum payment due. In this assignment, you will use a method called "average daily balance" to calculate the minimum payment due for a credit card. You will be replicating the process a bank may use to determine finance charges and minimum payments due on a credit card. Assignment Details: Perform the following tasks: Complete the reading assignment and the interactive lesson before attempting this assignment. Attend the instructor session to prepare for this assignment. Use this document to calculate the charges for a credit card with a local bank. According to the terms and conditions of the card: o This credit card has an annual percentage rate (APR) of 15%. A method called "average daily balance (including new purchases)" is used to calculate your balance. The due date is 30 days after the close of each billing cycle. You will not be charged interest on purchases if you pay your entire balance by the due date of each billing cycle. The minimum payment each month is computed as 1% of the new balance achieved at the end of a billing cycle, rounded up to the nearest $5. Follow the instructions and enter your responses in the appropriate places. Calculations must be free of mathematical errors. Use the single billing cycle with the following information: o The previous balance was $1389.21 and the billing cycle began on April 10. o You made a minimum payment of $15 on April 21. You made a purchase on April 22 for $251.99 and another on May 1 for $77.65. Submit Week 4 Assignment via Blackboard by clicking on the "Week 4 Assignment" link. . Include the proper file naming convention: MAT101_wk4_assn_jsmith_mmddyyyy.Font Select . Paragraph Styles Editing Graph the following scenario. (Hint: the graph setup in question #8 is a good framework) For a real world example, consider the market for oil. The initial supply and demand curves would be at position 1 (p1). When the suppliers decide to collaborate and supply less oil for every price, this causes a backwards shift in the supply curve, to supply curve 2. This cuts the quantity supplied from quantity 1 (q1) to quantity 2 (q2] and raises the price paid for oil along demand curve 1. We can either shift the demand curve in to curve 2, maintaining previous price levels, but decreasing consumption even more, or we can shift our demand curve out to curve 3, maintaining previous levels of consumption but raising prices. Since there is a tradeoff between having steady prices or steady consumption, the consumers have to make a decision about which is more important to them. In the short run, they will probably decide to pay the higher prices to keep consumption steady (that is, they will shift out to curve 3), but if the prices stay high for a long time, they will start finding ways to economize, (thereby shifting in to curve 2]. 10. What terms are being defined? a. Situation in which the quantity supplied exceeds the quantity demanded for a good or service; price is above equilibrium price. Additional income derived from each additional unit of goods sold. Total Variable Costs divided by quantity sold, TVC/q- Total Fixed Costs divided by quantity sold, TFC/q. To maximize utility by making the most effective use of available resources, whether they be money, goods, or other factors. Costs which do not vary with quantity produced that a firm has to pay in order to produce and sell its goods. Total revenue