please can you solve the above questions

Assignment 3 Question 1. Melissa buys an iPhone for $120 and gets consumer surplus of $80. a) What is her willingness to pay? b) If she had bought the iPhone on sale for $90, what would her consumer surplus have been? Question 2. It is a hot day, and Bert is thirsty. Here is the value he places on each bottle of water: Value of first bottle S7 7 Value of second bottle $5 Value of third bottle $3 Value of fourth bottle S1 a) From this information, derive Bert's demand schedule. Graph his demand curve for bottled water. b) If the price of a bottle of water is $4, how many bottles does Bert buy? How much consumer surplus does Bert get from his purchases? Show Bert's consumer surplus in your graph. c) If the price falls to $2, how does quantity demanded change? How does Bert's consumer surplus change? Show these changes in your graph. 1/2 Question 3. Nimbus, Inc., makes brooms and then sells them doorto-door. Here is the relationship between the number of workers and Nimbus's output in a given day: Workers Output Marginal Product Total Cost Average Total Cost Marginal Cost Workers Output Marginal Total Cost Average Total Marginal Product Cost Cost 0 0 1 20 2 3 90 4 120 5 140 6 7 155 50 150 a) Fill in the column of marginal products. What pattern do you see? How might you explain it? b) A worker costs $100 a day, and the firm has fixed costs of $200. Use this information to fill in the column for total cost. c) Fill in the column for average total cost. (Recall that ATC-TC/Q.) What pattern do you see? d) Now fill in the column for marginal cost. (Recall that MC=ATC/AQ.) What pattern do you see? e) Compare the column for marginal product and the column for marginal cost. Explain the relationship. f) Compare the column for average total cost and the column for marginal cost. Explain the relationship