e. (2 marks) Consider a labour market where labour demand and supply are given by w -240-210 and w =30+415 , respectively, the competitive market equilibrium quantity of labour is 35, the wage is 170, consumer surplus is 1225 and producer surplus is 2450. If the owners collude, calculate the new equilibrium quantity of labour and wage. f. (2 marks) Continue with the previous part. Calculate the new consumer surplus and producer surplus. g. (2 marks) Continue with the previous part. Briefly explain if, compared to the competitive market equilibrium, the owners and/or players are better off and if the overall wellbeing of the league has increased or decreased. h. (2 marks) A company does $100 million in sales. It has some degree of pricing power in that it sells its output for $10 where it costs it $8 to make. Its advertising is highly effective. For every one percent it increases its advertising budget, its output increases by five percent. Unfortunately, its advertising is very aggressive because it causes its competitors to increase theirs by two percent for every one percent the company increases its own. When its competitors increase their budgets by one percent, it causes problems for the company in that demand for its output falls by two percent. Calculate how much, in dollars, the company should spend on advertising