Please answer question C only

1. Japan's commercial jetliner market is represented by the following demand curve, P = $250 - 29 where is the quantity of jetliners demanded and Pis the price per jet. The marginal revenue curve and marginal cost curve are represented by the equations MR = $250 - 49 and MC - $150 a) Suppose Boeing is the first and only seller of jetliners to Japan's airlines. What are their profits (or producer surplus), excluding fixed costs? What is the consumer surplus of Japan's airlines? What is the total surplus? b) Suppose Europe grants a subsidy to Airbus, which becomes a monopoly in the market instead of Boeing. Assume the subsidy is $60 per jet. What are their profits (or producer surplus), excluding fixed costs? What is the total cost of the subsidy? What is the consumer surplus of Japan's airlines? What is the total surplus? c) Suppose the U.S. grants a subsidy of $60 per jet to Boeing, and Europe grants a subsidy of $60 per jet to Airbus. Both nations compete rigorously in the Japanese market (they must set price equal to marginal costs). Together, what are their profits (or producer surplus), excluding fixed costs? What is the total cost of the subsidy? What is the consumer surplus of Japan's airlines? What is the total surplus