Q1 assume you are the chief economic advisor to the

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Q1. Assume you are the Chief Economic Advisor to the President of the United States and the President has asked you to review the deficit reduction proposals that were submitted by his commission. Select 2 commission recommendations you agree with the most and the two you disagree among the most also write an explanation to the President explaining your 4 option. Explain in detail rather than general in your recommendation.

Q2. Suppose you have 10 individuals with values (1, 2, 3, 4, 5, 6, 7, 8, 9, 10). You marginal cost of production is 2.50. Elucidate the profit-maximizing price?

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