Please answer question 1- 7

QUESTION I Rohit consumes Nespresso coffee pods. His individual monthly demand is given by P= 10-0.2Q (or Q = 50-5P) where Q is the number of Nespresso pods and P is the price in $. Currently, Nespresso charges $1 per pod. The company is considering an alternative plan where they charge a fixed monthly fixed fee of $200 that allows consumers to consume an unlimited number of pods at no additional per-pod price. What is Rohit's consumer surplus (CS) under the current plan, and what would it be under the new plan? CS current plan = $405; CS new plan = $50. CS current plan = $202.5; CS new plan = $0. CS current plan = $202.5; CS new plan = $50. CS current plan = $202.5; CS new plan = $250. QUESTION 2 Delta Airlines estimates that inverse demand for coach seats on flights from Baltimore to Salt Lake City is given by: P = 450 - 0.0125Q where P represents the price per seat (in dollars) and Q is the number of seats sold per month. If the price of a seat is $325, what is the own-price elasticity of demand? O-2.60 O-80 O -0.72 O -1.75 QUESTION 3 Nicole is going to leave her job as an accountant to start up a yoga studio out of her house. She plans to use a guest bedroom that she currently rents out for $400/month. Nicole estimates that it will cost $500 to run the Yoga studio each month. At her accountant job, she makes $5000 per month but expects to make $2000 per month at the Yoga studio. She currently pays $1500 per month to her apartment. What is Nicole's opportunity cost of starting her Yoga studio? $5400 $3900 O $5500 $6500QUESTION 4 If the average total cost of producing a good rises as a firm produces more of the good, then which of the following must be TRUE? ATC