essay question for microeconomic 202

please explain the below questions using a s short essay only for one page .

1-Using economic concepts explain why Nike can charge $185 for a pair of air Jordan basketball shoes?

2-Explain in detail what is being done to combat poverty. But also add why poverty is so hard to define and ultimately solve.

3-Playing the economist, analyze in detail the Affordable care Act. Be careful not to get into either a political or emotional discussion.

4-Why is the minimum wage a politicians dream issue. Be sure your response is based on economic concepts discussed in class.