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(General Instruction: Present ALL Numerical Answers to the Nearest Whole Number or to TWO (2) Decimal Places where appropriate) Melanie Prerna is a very savvy entrepreneur. She started her career as a professional engineer in Burlington, Ontario, but relocated to Southern Alberta over 20 years ago. She owns five local businesses, including a residential construction company, a large fast food drive-through, a barbing salon, a gravel pit, a 16 lane 10-pin bowling alley, and a small convenience store. Melanie's networth is about $50 million with about $40 million invested across her businesses, $2 million in her home, $4 million in a stock and bond portfolio, and the remaining in cash (bank savings accounts). Melanie keeps the cash in liquid form so that she can easily exploit good investment opportunities that may arise in her existing businesses or suitable new business. Melanie's business has grown to a point that she has decided to hire you as her personal and business advisor, because you have an economics background and you can think rigorously. Recently, she has been advised by her doctor to reduce her physical exertion, and get more sleep than she currently does. Your job is to help her think through, analyze, and make sense of her choices from an economic, rather than purely common sense, perspective. During a casual chat on the evening of your first day as her consultant, Melanie asks you a few questions as follows: Question 1 5 pts Melanie has been trying to read some business journals, but there are some strange words in them. For instance, she would like to know what the term "Micro economics" means. She asks you to explain the term and help her understand how it differs from 'Macroeconomics" and Mezoeconomics