Question 7 If marketing data showed you could sell the following number of shirts at the prices indicated, how many shirts would you produce and what would be your profit? Fill in the chart. (1 mark) # of 2000 4000 6000 9000 13000 15000 Shirts Price $200 175 150 125 110 80 (AR) of Workers Profit or PxQ price FC + VC Loss TR AR Q TC TPQuestion 8 Given your answer in Question 7, and assuming this company is the only supplier, is this market in equilibrium? Explain why or why not. (1 mark) Question 9 Why does quantity decrease when 2 more workers are added? What is the term for this effect? (1 mark) Question 10 (6 marks) a. Explain the difference between productive efficiency and allocatione efficiency. Provide an example of each, not in the textbook. (3 marks) b. Assume that the market for shirts is not in equilibrium. Explain the concept of consumer and producer surplus. Create a graph that illustrates consumer surplus and producer surplus. 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