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I need you to give me only question 10 answer . Question 7' (1 mark} If marketing data showed you could sell the following number

I need you to give me only question 10 answer .

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Question 7' (1 mark} If marketing data showed you could sell the following number of chairs at the prices indicated. how many chairs would you produce and what would be your prot? Fill in the table completely. Remember to STATE both what level of production you would choose and what DOLLAR PROFIT you would make. 11.000 24.000 31.000 40.000 54.000 03.000 50.000 Chairs AR FC + W: $ Prot er Px rice Wtfrzfers Q P L055 TR AR Q TC TP 0 l 2 3 4 5 5 ? Question 3 (1 mark} Given your answer in Question 7. and assuming this company is the only supplier. is this market in equilibrium? Explain why or why not. Question 9 (1 mark} Why does quantity decrease when the 7\"\" worker is added? What is the term for this effect? Question 10. (6 marks} a. What is consumer surplus and producer surplus. Assume that the market is not in equilibrium. Create one graph that illustrates consumer surplus and producer surplus. You need to create your own graph. notjust use an image from the internet. Be sure to label your axises and clearly point out the areas that illustrate both consumer surplus and producer surplus. You don't need to make up numbers to answer this question. {3 marks) b. What are deadweight losses? Create one graph. to illustrate this concept. You need to create your own graph. notjust use an image from the internet. Be sure to label your axises and clearly point out the areas that illustrate both types of deadweight losses. You don't need to make up numbers to answer this question. {3 marks}

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