Please explain answers and show work.

Question 1. For each of the following, determine the effect on price, whether domestic buyers win or lose, and whether domestio sellers win or lose: 1. Imports of cheap Chinese goods decline. 2. A trade deal makes it easier for U.S. manufacturers to sell their goods in Australia. Question 2. The graph below shows a market for house-painting services. Use it to answer the questions that follow. 1. What is equilibrium price ad quantity? 2. What is the socially optimal quantity in this market? 3. Does the market produce too much or too little of this good relative to the socially optimal outcome? How much? Problem. You have recently opened your own website design business. You charge your clients a price of $550 per project and are considering hiring additional workers to assist you in expanding your business. The tabl provides data on your marginal product for each additional website designer you hire. Use the information to calculate the marginal revenue product, total output, and total revenue associated with each number of employees. The market wage for website designers is $2,900 per month. If this is the only cost you incur from hiring an additional worker, calculate the marginal cost and profits for each additional worker. Using the Rational Rule for Employers, how many workers should you hire each month? What's the number of workers that maximizes your profits? Ynu mav conv the given table and thereafter provide answers in each column