1. The data in the table below are for boxes of fresh shrimp. Price Quantity Demanded Quantity Supplied Quantity Supplied After Tax 80 420 480 75 430 470 70 440 460 65 450 450 60 460 440 55 470 430 a) Before the tax, what is the equilibrium price and quantity? b) Fill in the Quantity Supplied After Tax column if a $10 per unit excise tax is put on the product. c) What is the new equilibrium price and quantity? d) What portion of the $10 per unit tax is paid by the seller and what portion is paid by the consumer?2. Tigris produces only two products: tennis balls and tennis racquets. Each worker comes with a fixed quantity of materials and capital, and the economy's labour force is fixed at 100 workers. The following table indicates the amounts of balls and racquets that can be produced daily with various quantities of labour: Daily production of Numbers of Workers Daily production of Number of Tennis Balls Racquet Workers 0 0 0 0 20 80 20 30 40 150 40 50 60 200 60 65 80 230 80 75 100 250 100 80 Can Tigris produce 200 balls and 60 racquets? What is the total cost of producing 150 balls? What is the total cost of producing 75 racquets? If Tigris is currently producing 230 balls, what is the cost of an additional 20 balls? If Tigris is currently producing 30 racquets, what is the cost of an additional 20 racquets