find answers of both the questions.

Question #4 (Chapter 13) Consider the following market representing monopolistic competition. Price and cast idoilars per unit} 0 4 8 I 2 16 20 2 4 Quantity [units per day] (a) Determine the level of prot-maximizing output for the firm in this market. (b) Determine the level of marginai revenue at the prot-maximizing output for the firm in this market. (0) Determine the level of prot-maximizing price for the firm in this market. (d) Determine the markup set by the firm in this market. (e) Determine the level of economic prot earned by the firm in this market. (f) Is this market in tong-run equiiibrium? (g) Determine the level of excess capacity available to the firm in this market. Question #5 (Chapter 15) _' Page 4 of 5 J L Determine whether each of the following economic events is best represented by a positive production externaiity, positive consumption externaiitjr. negative production externaiitx or negative consumption externaiity. Choose one category for each question. You do not need to explain your answer, simply select the correct category. (a) A firm provides an education to each of its workers to improve their level of productivity. Some of the workers use the education they gained at different companies in the future. (b) A firm creates software that enables it to run its operations more efficiently. The firm releases the software for free use. (0) Atalented gardener maintains a beautiful garden in his front yard, which is enjoyed by his neighbours. (cl) A student purchases a new stereo and plays loud music late at night, disturbing her neighbours. (e) A drug user becomes violent and endangers the safety of others. (f) The pollution created during the production process of a firm diminishes the air quality. (g) The pollution created during the production process of a firm reacts with particles in the air and improves air quality (h) The noise from the production process of a firm disturbs the neighbours. (i) The noise from the music of a talented amateur clarinet player is enjoyed by her neighbours. (j) The noise from the music of an inept amateur clarinet player disturbs his neighbours