Question One Mathematical and Nonmathematical Economics (20 Marks) Create your own economic example and use it to answer the following questions: a] Firstly, state your example in both nonmathematical and mathematical approaches. [4 Marks) ' , b) Explain/demonstrate how you would analyze this problem in both mathematical and nonmathematical approaches, by using your economics knowledge. (6 Marks) 0) Summarize your assumptions, reasoning and conclusions in the following table: (6 Marks Mathematical Nonmathematical _ ___ , -__ . a d) Which approach would you prefer? Or, you are indifferent? Explain. (4 Marks)