Here is a demand figure: to P4 b P3 P2 K m P1 e n D 0 Q1 Q2 Q3 Q4 Q Question 1 What is the total quantity demanded if the price is P1? Group of answer choices Q1 Q2 Q3 Q4 Question 2 What is the maximum price the demander would pay for the Q2nd unit? Group of answer choices P1 P2 P3 P4Question 3 What is the marginal benet of the Q3rd unit to the consumer? Group of answer choices P1 P2 P3 P4 Question 4 What is the total willingness to pay for Q1 units? Group of answer choices a+b+f a+b+c+d+e c+g+j f+g+h+i Question 5 What is the total benet of consuming (12 units? Group of answer choices a+b+c+d+e f+g+h+i f+g+h+i+j+k+| a+b+c+d+e+f+g+h+i Question 6 What is consumer surplus on the let unit if the price is P1? hroup of answer choices P1 P3 P4P1 P3P1 Question 7 What is the consumer surplus if the consumer can purchase as many units as they like at a price of P3? Group of answer choices a+b+c+d+e a+b+c+d+e+f+g+h+i a+b+f a+b+fcgj Here is another demand gure, generated by the equation Q=m+nP:PSZ_Q2.J PG Question 8 'l1'le price point a is the price where the quantity demanded is zero. If m=100 and n=2, what is the value of price point a? Question 9 Quantity c is the quantity demanded at price b. If m=100 and n=2, what is the value of quantity c if price b is equal to $2.5? Question 10 I'm going to use new paramters so that the demand curve is based on m=150 and n=-3. Consequently, you can show that a=$50, and if the price is $2.50 (i.e. b=2.5) then quantity point c is 142.50. Using this information, what are the total benefits of consuming 142.5 units? In other words, calculate and report the area etf. Round to the nearest two decimal places. Question 11 Continuing with the previous question where m=150 and n=-3, what is the total consumer surplus (area e) if the price is $2.5? Any approach you want to use is fine, but you could take total benefits you just calculated and subtract expenditures (area f). Report answer to the nearest two decimal places. Question 12 What is the $ of marginal benefit of the 142.50th unit? (Hint: You don't need to do any math here).Here is a supply figure: $ S P4 b C P2 m d 1 O O Q1 Q2 Q3 Q4 Q Question 13. What is the total quantity supplied if the price is P1? Group of answer choices Q1 Q2 Q3 Q4 Question 14. What is the minimum price the seller would accept for the Q2nd unit? Group of answer choices P1 P2 P3 P4Question 15. What is the marginal cost of the Q3rd unit to the producer? Group of answer choices P1 P2 P3 P4 Question 16. What is the total minimum willingness to accept for giving up Q1 units? Group of answer choices Question 17. What is the total cost of producing Q2 units? Group of answer choices a+d+k e+i+| a+e+d |+i+k Question 18. What is producer surplus on the let unit if the price is P4? Group of answer choices P3-P1 P4-P1 P3-P2 P2-P1 Question 19'. What is the producer surplus if the producer can sell as many units as they like at a price of P3? Group of answer choices a+b+c+d+e a+d+c+k+g+h+b+f+j+r a+d+c+k+g+h e+i+| Here is another supply figure, generated by the equation Q=m+nP: $ 8 Question 20. The price point a is the price where the quantity supplied is zero. If m=-10 and n=0.5, what is the value of price point a? Question 21. Quantity c is the quantity supplied at price b. If m=-10 and n=0.5, what is quantity c if price b is $50? Question 22. Suppose instead we used different values of m=-60 and n=2. In this case, then you would be able to solve to find that the value of a is $30, and if the price b is 550 then the quantity c will be 4D. In this case, what is the total costs of producing the c units? You can either use the integral method, or just use points a, b, and c to calculate the area f+g. Question 23. Continuing with m=-60 and n=2....at a price of 550, what will be producer surplus (area e)? Any approach you want to use is fine, but you could take revenue and subtract total costs that would be ne. Question 24. Lastly, still with m=-60 and n=2...what was the marginal cost of producing the 40th unit? Hint: You do not need to use math to solve this question. Question 25. Upload your work in a typeset format (e.g. word) for review