Hello please provide assistance with the following problems and show work. Thank you!

Assume the nation of Australia is \"small\" and thus unable to influence world price. Its demand and supply schedules for TV sets are shown in Table 4.11. Using graph paper, plot the demand and supply schedules on the same graph. a. Determine Australia's market equilibrium for TV sets. (1)What are the equilibrium price and quantity? (2) Calculate the value of Australian consumer surplus and producer surplus. b. Under free-trade conditions, suppose Australia imports TV sets at a price of $100 each. Determine the free-trade equilibrium, and illustrate graphically. (1) How many TV sets will be produced, consumed, and imported? (2) Calculate the dollar value of Australian consumer surplus and producer surplus. c. To protect its producers from foreign competition, suppose the Australian government levies a specific tariff of $100 on imported TV sets. (1) Determine and show graphically the effects of the tariff on the price of TV sets in Australia, the quantity of TV sets supplied by Australian producers, the quantity of TV sets demanded by Australian consumers, and the volume of trade. (2) Calculate the reduction in Australian consumer surplus due to the tariff induced increase in the price of TV sets. (3) Calculate the value of the tariff's consumption, protective, redistributive, and revenue effects. (4)What is the amount of deadweight welfare loss imposed on the Australian economy by the tariff? Assume that the United States, as a steel importing nation, is large enough so that changes in the quantity of its imports influence the world price of steel. The U.S. supply and demand schedules for steel are illustrated in Table 4.12, along with the overall amount of steel supplied to U.S. consumers by domestic and foreign producers. Using graph paper, plot the supply and demand schedules on the same graph. a. With free trade, the equilibrium price of steel is $ per ton. At this price, tons are purchased by U.S. buyers, tons are supplied by U.S. producers, and tons are imported. b. To protect its producers from foreign competition, suppose the U.S. government levies a specific tariff of $250 per ton on steel imports. (1) Show graphically the effect of the tariff on the overall supply schedule of steel. (2)With the tariff, the domestic price of steel rises to $ per ton. At this price, U.S. buyers purchase tons, U.S. producers supply tons, and tons are imported. (3) Calculate the reduction in U.S. consumer surplus due to the tariff-induced price of steel, as well as the consumption, protective, redistribution, and domestic revenue effects. The deadweight welfare loss of the tariff equals $ . (4) By reducing the volume of imports with the tariff, the United States forces the price of imported steel down to $ . The U.S. terms of trade (improves/worsens), that leads to (an increase/a decrease) in U.S. welfare. Calculate the terms-of-trade effect. (5)What impact does the tariff have on the overall welfare of the United States? 18. Figure 5.6 illustrates the practice of international dumping by British Toys, Inc. (BTI). Figure 5.6(a) shows the domestic demand and marginal revenue schedules faced by BTI in the United Kingdom (UK), and Figure 5.6(b) shows the demand and marginal revenue schedules faced by BTI in Canada. Figure 5.6(c) shows the combined demand and marginal revenue schedules for the two markets, as well as BTI's average total cost and marginal cost schedules. a. In the absence of international dumping, BTI would charge a uniform price to U.K. and Canadian customers (ignoring transportation costs). Determine the firm's profit maximizing output and price, as well as total profit. How much profit accrues to BTI on its U.K. sales and on its Canadian sales? b. Suppose now that BTI engages in international dumping. Determine the price that BTI charges its U.K. buyers and the profits that accrue on U.K. sales. Also determine the price that BTI charges its Canadian buyers and the profits that accrue on Canadian sales. Does the practice of international dumping yield higher profits than the uniform pricing strategy and if so, by how much