Question:

8. Using the following demand function, compute the optimal price when the cost of making a unit is $1. ...

[Rest of the question in the picture BELOW]

*** Please explain and show all work. Thank you very much and will rate! :)

Below are some data from the land of milk and honey: Year Price of Milk Quantity of Milk Price of Honey Quantity of Honey 2016 $1 100 quarts $2 50 quarts 2017 200 2 100 2018 2 200 4 100Question 8 10 pts What is the real GDP growth rate (percentage change in real GDP) from 2017 to 2018? C 0% C 50% O 25% 100%