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I attached picture here. Please answer Plumbing question part; ignore c,d,e. Only need f,g,h,i,j (c) If the firm decreases its price from $32 to $28,

I attached picture here. Please answer Plumbing question part; ignore "c,d,e". Only need f,g,h,i,j

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(c) If the firm decreases its price from $32 to $28, does the deadweight loss increase, decrease, or remain unchanged? Explain. (d) Identify the profit-maximizing quantity and price, and explain how you determined each. (e) Calculate the total cost of producing the profit-maximizing quantity identified in part (d). Show your work. The table below shows the short-run production function for Chloe's Plumbing Services. Use the information provided to answer parts (f)-(1). Number of Total Product Plumbers per Hour 16 26 37 50 6 606 60 68 74 (f) After which plumber do diminishing marginal returns begin for Chloe's Plumbing Services? Explain using numbers. (g) Assume Chloe's Plumbing Services sells its plumbing services in a perfectly competitive market at a unit price of $15. Calculate the marginal revenue product of the third plumber. Show your work. (h) Chloe's Plumbing Services hires plumbers in a perfectly competitive labor market for plumbers at a wage rate of $115 per hour, and the market price of plumbing services remains $15. How many plumbers will Chloe's Plumbing Services hire to maximize its profit? Explain using marginal analysis. Assume plumbers and plumbing equipment are substitutes in providing plumbing services by all plumbing firms in the market. If plumbing equipment, a fixed input, becomes less expensive and Chloe's Plumbing Services provides the same quantity of plumbing services, will each of the following increase, decrease, or stay the same? (i) The wage rate Chloe's Plumbing Services will pay its plumbers. Explain. () The demand curve for plumbers for Chloe's Plumbing Services. Explain

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