Question 2(Multiple Choice Worth 1 points) (06.01 MC) Use the graph to answer the question that follows. MSC S=MPC Price ($) D=MPB=MSB QuantityQuestion 3(Multiple Choice Worth 1 points) (02.07 MG) Use the graph to answer the question that follows. Price Question 4(Multiple Choice Worth 1 points) III] (04.05 HC) 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 CompanyA Open Retail Outlet $50, $40 $35, $30 No Retail Outlet $55, $45 $60, $35 Question 5(Multiple Choice Worth 1 points) (02.06 MC) Consider the market equilibrium supply and demand schedules for James and for all other consumers. Question 7(Multiple Choice Worth 1 points) (05.03 MC) Use the table to answer the question that follows. Quantity of Labor | MP of Labor Quantity of Capital|MP of Capital 1 30 50 2 25 2 40 3 20 3 35 4 15 4 15 5 10 5 5Question 12(Multiple Choice Worth 1 points) (06.01 HC) The following table displays marginal social cost and marginal social benefit in an economy. Marginal Social Cost Marginal Social Benefit