4. Well, Chris put his music studio next to a shop that makes old lady clothes. ChIis produces hits music tracks I]. using effort 6. The more effort he uses, the more hits he makes. His production also depends on noise pollution p. The more noise pollution that Chris makes, the easier it is for him to produce hits. But, noise pollution makes it harder for the shop nextdoor to produce old lady clothes .2 which they make using wool to. They keep messing up when they hear the loud beats and so it costs them more wool. Their production functions are: h=\\/E+1DPP2 c=2'/E4p Assume hits sell for $10 and lady elothes sell for $10 as well. Effort 6 and wool in both cost $1. Assume noise pollution does not cost Chris anything to produce. A) If the old ladies use in = 100 and Chris uses effort 8 = 100 and produces noise pollution p = 3, how many hits does Chris produce, how many clothes do the old ladies produce? B) What are Chris's and the old ladies\" prot functions? Write Chris1 in terms of e and h and the old ladiesI in terms of w and p. C) What are the protmaximizing levels of e and p for Chris? D) What is the socially optimal level of noise pollution? E) How much would the old lady clothes company have to pay Chris to use the socially optimal amount of noise pollution rather than his optimal amount