The table above provides the quantity of eggs and bacon that Ren and Stimpy can produce in one hour. Use the table to answer the following questions. Be sure to fill in the blanks with numerics when dealing with numbers (i.e. write 1 instead of one). Assume complete specialization to compute production under specialization and trade. Suppose the terms of trade are 1 egg: 0.85oz. of bacon and 100 eggs are traded. Then Ren will consume Af (number) eggs after specialization and trade, which nets him a gain of (number) eggs. Stimpy will consume (number) ounces of bacon, which nets him a gain of A) (number) eggs and (number) ounces of bacon after The table above provides the number of eggs and bacon that Ren and Stimpy can produce in one hour. Use the table to answer the following questions. How much eggs and bacon would be produced as a result of specialization and trade? 280 eggs and 260lbs. of bacon 600 eggs and 560lbs, of bacon 360 eggs and 800lbs. of bacon The answer cannot be determined. Suppose the government intervenes in this perfectly competitive market and implements a binding price (floor/ceiling) at $50 per unit. This would create a A) (surplus/shortage) of A) (number) urits. This would createa deadweight loss of A) (number) dollars and Af (increase/decrease) consumer surplus to Af: (number) dollars, At equilibrium, consumer surplus would be Ay dollars. On the other hand, producer surplus would. A. (increase/decrease) to A) (number) dolars which is a difference. 4) (ncmbed dollats from equilibrium? producer surplus. Indicate which player has a dominant strategy: A (ATT Verizon/both). What profits will ATT eam at Nash equilibrium? 4 (number) billion dollars. Are the players caught in a prisoner's dilemma? (yeso). If Verizon and ATT implemented a price match suarantee, what profits would you expect Verizon to earn