1. Two firms, Kappa and Delta, both produce coat hangers. The price of the coat hangers is $1.50 each. Firm Kappa has total fixed costs of $750,000 and variable costs of 50 per coat hanger. Firm Delta has total fixed costs of $400,000 and variable costs of 30 per coat hanger. The corporate tax rate is 21%. If the economy is strong, each firm will sell 2,000,000 coat hangers. If the economy enters a recession, each firm will sell 1,400,000 coat hangers. If the economy is strong, the total cost of firm Kappa will be

2. Two firms, Alpha and Beta, both produce widgets. The price of the widgets is $1 each. Firm Alpha has total fixed costs of $500,000 and variable costs of 50 per widget. Firm Beta has total fixed costs of $240,000 and variable costs of 75 per widget. The corporate tax rate is 21%. If the economy is strong, each firm will sell 1,200,000 widgets. If the economy enters a recession, each firm will sell 1,100,000 widgets. If the economy is strong, the after-tax profit of Firm Beta will be

plz answer 1 and 2