PLEASE ANSWER QUICKLY AND ACCURATELY (NO NEED FOR LENGTHY EXPLANATION)

Question 1:

Use the graph to answer the question that follows. MSC Price (5) MPC Pc MSB Q' Quantity Without government intervention, this market will charge a price O lower than optimal by PC O higher than optimal by Pc lower than optimal by PC - p O higher than optimal by pc - p lower than optimal by PC - ppWhat is the most likely goal of a government that enacts a lump-sum subsidy? O To increase market competition O To decrease market competition O To correct for a negative externality O To discourage production O To encourage productionA firm's marginal cost is greater than its marginal revenue. The price is higher than the average total cost. Based on this, which of the following statements is true? O An increase in output will increase the firm's existing economic losses. A decrease in output will decrease the firm's existing economic losses. O A decrease in output will increase profits. O An increase in output will increase profits. O A decrease in output will leave profits unchanged.Company A and Company B are competing oligopolists. Both companies are considering opening retail outlets to increase their profits. The payoff matrix shows the profits of the companies in millions based on their possible actions. Company B Open Retail Outlet No Retail Outlet Company A Open Retail Outlet | $50, $40 $35. $30 No Retail Outlet $55. $45 $60, $35 The government offers a $10 million subsidy to open a new retail outlet. What is the expected outcome of the new payoff matrix given the subsidy? The Nash equilibrium will be that both companies will not open retail outlets. O The Nash equilibrium does not change as a result of the subsidy. O Company A's dominant strategy remains the same, and it will open retail outlets. O Company B's dominant strategy remains the same, and it will not open retail outlets. O Company A no longer has a dominant strategy, and both companies will open retail outlets.A business hires workers to help detail car interiors at a car wash. The following table shows the marginal productivity of each worker in number of cars detailed. Number of Workers Marginal Product 5 2 3 12 4 13 13 10 Which number of workers produces a total product of 26 cars detailed? 02 03 04 05Use the graph to answer the question that follows. Price Supply A PI B P2 C F P3 D Demand Q1 Q2 Q3 Quantity (units) A shortage will exist in this market whenever price is O above P3 O below P2 O above P2 O equal to P3 O indeterminate