1. 1.Can the problems of imperfect and asymmetric information be used to enric

1. 1.Can the problems of imperfect and asymmetric information be used to enrich Coases theory of the firm? How?2. 2.Time is important in roundabout production but not in direct production. Is this statement true or false? Explain. Why does the demand curve for loanable funds slope down? Why does the supply curve for loanable funds slopes upward?3. 3.Can the explanations of the boundaries of the firm as developed in this unit be used to explain the bounds of the family? That is why are extended families (involving more than two generations) common in some nations but not in others?I need all three question answer.All 3 question response should be at least 75 words in length. You are required to use at least your textbook as source material for your response. All sources used including the textbook must be referenced; paraphrased and quoted material must have accompanying citations.