Provide solutions to the below questions.

) Determine the inverse demand function. 0) Determine the vertical intercept of the inverse demand function. )Determine the horizontal intercept of the inverse demand function. d) Determine the slope of the inverse demand function. 2) Draw the consumer's inverse demand curve in Figure 1 provided in the answer booklet. Determine the market demand curve if there are 1000 consumers with the demand function Q = 40 - 5P 2) The demand functions for consumers 1, 2, and 3 are respectively Q1 = 60 - P, Q2 = 80 - 2P, and Q3 = 80 4P ) Determine the inverse demand function for each consumer. 0) Determine the vertical intercept for each inverse demand function. Determine the horizontal intercept for each inverse function. d) Determine the slope for each inverse demand function. 2) Determine the market demand curve. Draw the inverse market demand curve in Figure 2 provided in the answer booklet. 8) A consumer's demand function for good x is Qx = 8 - Px - Py/2 + 1/100 with Ox representing the quantity demand for good x, Px the price for good x, Py the price for good y, and I the consumer's income. ) Draw the inverse demand curve in Figure 3 provided in the answer booklet if Py = 2 and I = 100. 0) Draw the inverse demand curve in Figure 3 provided in the answer booklet if Py increases from 2 to 4 and I = 100. () Draw the inverse demand curve in Figure 3 provided in the answer booklet if I increases from 100 to 200 and Py = 2 1) A consumer's demand function for good x is @x = 50 - Px + 3Py/2 - Pz + 1/125 with Qx representing the quantity demand for good x, Px the price for good x, Py the price for good y, Pz the price for good z, and I the consumer's income.rnr r'- r" 1.The concept of GDP is used by policy makers for many purposes that include keeping track ofthe growth of our economy and forecasting a recession; but it is also abused by some. Discuss some of the applications of GDP which may be considered improper use or abuse of the concept. 2." Even though the Great Recession ofcially ended, the unemployment rate is still considered high.' Discuss. 3.Discuss how the distribution of income among various groups of income earners have changed in this country during the past 5D years. in your opinion, do we need to initiate any policy to address the distribution of income? Make sure you provide references to anyconclusions you arrive at. 4.Many people feet the Fed, which is largely independent of Congress and the President, is too powerful. In fact, the Chairman of the Fed Board of Governors, Ben Bernanke, has been called the second most powerful person in the country. Do you think the Fed is too powerful? Should Congress have more oversight of the Fed? Share your thoughts. 5."N either monetary policy nor fiscal policy alone can be effective in formulating sound economic policies for recession.' Do you agree or disagree? Share your thoughts. Effou now should realize how important it is for economists to try and predict future conditions of the LLB. economy. Economists are also interested in the performance of the economy at a more local level. Discuss how local and national forecasts play an important role in the State and Federal levels. If here have been significant discussions on the government's scal policy during the Great Recession. in particular, many did not like the government's actions in salvaging the auto industry in providing guaranteed loans to GM and Chrysler. What is your opinion? Provide economic reasons for your opinion. Question 13 Not yet answered Marked out of 1 P Flag question Your company is considering the purchase of a fleet of cars for $195,000. It can borrow at 8.5%. The cars will be used for four years. At the end of four years they will be worthless. The corporate tax rate is 34%. The cars belong in CCA class 10 (a 30% class). What is the break-even lease payment? Select one: a. $55,000 b. $57.705 c. $47.328 d. $56,128 Ce. $35.675 Question 14 Not yet answered Marked out of 1 P Flag question A firm has a WACC of 12%. It is financed with 40% debt and 60% equity. The firm's cost of debt is 10% and its tax rate is 40%. What is the cost of equity? Select one: a. 10% b. 14% c. 12% d. 16% e. 18%