explain briefly with explanation

explain briefly with explanation explain briefly with explanation Question 1 a. Below is the data gathered from economic research on elasticitiesof demand for soda Income elasticity -0.25 Cross elasticity of soda and hotdog-0.65 Cross elasticity of soda and Orange juice 0.22 i. Is Soda an inf… Show more… Show more3. In a steep company with 20 workers. the total product per day is 600.However. when the workers incread to 40 workers, the total product is800. a. Calculate the marginal product of labour? {5 marks] … Show more… Show more5. Ace Acumen wants to make a decision on whether to hire more workersor reduce the number of Its staff a. Assuming the marginal revenue productis greater than wages, should Ace Acumen hire or reduce its st… Show more… Business Economics Microeconomics ECN 210