economics problems need help with

15 15 10 . 10 5 5 1 D Q1 Do 5 10 5 10 15 Residential Business \"Hack is the only carpet installer in a small isolated town. The above gures show the demand (D) and marginal revenue (MR) curves of two distinct groups of customers: residential and business. In the residential market, the inverse demand curve is Pr: a er, and in the business market, the inverse demand is Pe= c - dQe. Suppose that the margina f installing carpet is constant $1 per sq yard. Use the information in the chart above to derive the values of a, b, c and d. Write down the inverse demand mctions for both markets. _What prices do Jack charge in the two market? What quantity does Jack sell in each market? Air Canada Full Fare Announced Always Match Discount Discount Full Fare Match 12, 12 12, 12 5, 15 Announced Westjet Discount 15, 5 15, 9 10, 10 Always Discount 14, 8 14, 8 9, 11 In the game above, the first number in each cell is the profit of Westjet and the second is that of Air Canada. Find the Nash equilibrium if both firms play simultaneously (i.e. they make decision at same time). Explain how you find the Nash equilibrium.0 140 284 q. Thousand metric tons of lime per year T he gure above describes the information of a rm in a competitive market. In the market, p is the price, MR is marginal revenue for the rm, AC is the average cost, MC is the marginal cost, the unit of vertical axis is $ (dollar) per ton, and the unit for horizontal axis is the quantity, thousand metric tons per year. What is the maximum prot of the rm? Explain. When p=8, will the rm shut down? Explain If the government imposes a lump-sum tax of $200,000, will the rm change its decision on the quantity of production? Why