Use your knowledge of microeconomics to answer the questions

QUESTION 1 (Ch' 8) The following table shows the demand and supply schedules for athletic hoodies in Richmond, VA. You may assume that the supply curve is a straight line, beginning with a quantity of 75 at a price of $10 and a quantity of O at any lower price. It may help to sketch out the supply and demand curves. When applicabler do not use dollar signs or commas in your answers. Price 5 Quantity Demanded Quantity Supplied 100 300 so 275 100 250 70 150 225 I60 "200 200 175 150 125 100 -450 7s 0 500 0 The equilibrium price under autarky would be If the world price were $40, Richmond would import a quantity of hoodies. If the local government of Richmond put a tax of $10 on each imported hoodie, it would generate a tariff revenue of The imposition ofa tariff would increase domestic producer surplus by (Ch. 9) Darryl is considering quitting his job at Nike and working for a new startup, Genentech. Both of these jobs are in the same town and require the same amount of driving. His current job pays him $50,000 a year, but the new job will pay him $55,000. His car costs him $8,000 a year to own, but he'd own it whether he had these jobs or not. His rent costs him $15,000 a year, and he spends $9,000 a year on food. These are his only expenses. His accounting profit is $ , and his economic profit is $ Do not use dollar signs or commas in your answers.(Ch. 9) Rachel owns a fence company that is bidding on a residential project, but she's not sure how many pickets (boards) to use. The more pickets she uses, the more this customer would be willing to pay, but her costs increase as she adds more pickets. This table shows the relationship between the cost of building a fence with different quantities of pickets and the price that her customer would pay for that fence. Quantity of Boards Cost g$l Price ($1 I100 \"400 700 I120 "460 500 140 520 890 580 970 640 1040 700 1100 I220 "760 1150 I240 "820 1190 What is the optimal, prot-maximizing number of boards for Rachel to choose? 0 160 O 180 O 200 O 220