I am having a very difficult time answering questions 2,3 and 4. They involve total/marginal cost, totalet benefit, and supply curve equilibrium

SPEA V40l a- financml and Cost-Benefit Analysis my Spring 2017 x In if" ProfessoerdleyHeun (dad) Ab 0 Problem Set #*3 L L CL Due Thm'sday, March 30 bn government agency to provide a total of 200 hours of training services to help agency employees learn how to a new computer system. The marginal cost curve of firm 1 is MCl=lO(H.2Ql, while the margmal cost curve for F inn 2 is MC2=90+.4Q2. There are no fixed costs. Each firm provides 100 hours of training services each week. 3) The market marginal benefit curve for water (measured in thousands of gallons) is MB=3ODQ, where MB is the marginal benefit of water, and Q is thousands of gallons of water each period. The marginal cost of providing the water (including treatment, pumping, and other costs) is MC==.5Q There are no fixed costs. Suppose that the government utility that provides water service has set the price at 3100 per thousand gallons, and supplies 200 thousand gallons. 3. What is the total benefit of that amount of water? b. What is the total cost of providing that amount of water? it. What is the net benefit (total benefits minus total costs) of that amount of water? 6, Are net benefits maximized at 200 thousand gallons? If yes, why? If not, how gallons should be supplied to maximize net benefits?4) The market marginal benefit for milk (in gallons) is given by ME = 4.5.0050. There are two firms in the market that produce milk. The first firm's marginal cost curve is given by MCl = .lQ, while the second fum's marginal cost curve is MC2=.025Q. e. What is the equation for firm l's supply curve (quantity supplied as a function of price)? bt What is the equation for firm 2's supply curve? c. What is the equation for the market supply curve? d. What is the price and quantity of milk? e What are the total benefits to consumers from the equilibrium quantity of milk? 5) The demand cume for Me liter bottles of soda is given by Qo=2000-1000i', and the supply curve is given by Qs=IODDP. In an effort to reduce soda consmnpuon, the government has placed a tax 0f$l.00 per two liter bottle that is added to the conswner's it Afiamemxbimposedwhatistheeqiulibriumwanm? e. Howmuehteveuuewillthegovemment collect fromthistax? ch Whatisfltereducfionintotalbenefitsduetothistax? e Whatisflteteduefinnintutalenstsduetothetmx? f. Whalisflledcadweighllossofthistax