Categorize each seller below on the basis of the type of market it operates in. a. An internet service provider operates in a(n) (Click to select) v market. b. A cattle farmer operates in a(n) (Click to select) v market. c. A big-box retailer operates in a(n) (Click to select) v market. d. A picture-framing shop in a large metropolitan area operates in a(n) (Click to select) v market.Refer to the profit maximization table below. A lobster catch is sold by a fisher at $15 per kilogram. a. Fill in the table, writing out dollars and cents e.g. $1.00 or $0.10. Remember to include a minus (-) sign for any negative entries and to round 0.005 up to 0.01. (7) (8) (1 ) (2) (3) (4) (5) ( 6 ) Average Fixed Average Variable (9) (10) Price Quantity Total Revenue Fixed Cost Variable Cost Total Cost Cost Cost Average Cost Marginal Cost ($ per kg) (kg per day) ($ ) ($) ($ ) ($ ) ($ per kg) ($ per kg) ($ per kg) ($ per kg) 15 1, 100 15 200 3,400 15 406 4, 700 15 500 6, 400 15 800 8,800 15 1,000 12, 400 b. Draw the fisher's marginal revenue, marginal cost, and average cost curves in the graph below. Using the tools provided plot only the 2 endpoints for the marginal revenue curve and 5 points each for the marginal cost and average cost curves for a total of 12 points. Remember that marginal values such as marginal cost are plotted halfway between the two relevant quantity levels on the horizontal axis.Revenue and Cost for a Fisher 20 Tools MC AC 15 MR $ per Kg 10 5 0 200 400 600 800 1000 1200 Quantity (Kgs per Day)c. This fisher's profit-maximizing quantity is |(Click to select) | kilograms. At this quantity, the fisher is making a (Click to select) | of $ d. Does this fisher stay in business in the long run? O Yes O NoThe table below shows demand and supply schedules in the market for eggs, which is presumed to he a constantcost industry. (2) (3) (1) Quantity Demanded Quantity Supplied Price (thousands of car-tons per (thousands of cartons per ($ per carton) month) month) 99 D1 59 51 5.99 59 | | 99 | 4.75 66 89 4.59 79 79 4.25 86 53 4.99 99 | | 59 | | a. Draw a graph showing the demand and supply curves D0, D1_ So. and S1. Plot onlylhe endpoints ofeach curve using the given tools. Plotatotal of8 points below. Demand and Supply Curves for Eggs Price ($ per carton) 10 20 30 40 50 60 70 80 90 Quantity (thousands of cartons per month) Tools b. Suppose demand in this market shifts from Do to D1 so tha What are the new equilibrium price and quan ity? quantity demanded is 201100 cartons fewer at every price than before. The new equilibrium price and quantity are $ and thousand cartons. Egg farmers are now making an economic (Click to select)v . c. As a result of change in demand outlined in part b. the supply of eggs will shift to supply curve 51. associated with a new longrun equilibrium. What are the new equilibrium price and quantity? The new equilibrium price and quantity are $ |:| and |:| thousand cartons. Egg farmers are making an economic prot of $