Please answer A & B and draw the graphs and tables that are asked in the instructions.

a. 600 Price Quantity Total cost Big Top is the only circus in the nation. The table (dollars per (tickets (dollars per sets out the demand schedule for circus tickets ticket) per show) show) and the cost schedule for producing the circus. 20 0 1,000 Calculate Big Top's profit-maximizing price, 18 100 1,600 output, and economic profit if it charges a 16 200 2,200 single price for all tickets. You are constructing 14 300 2,800 a table with total costs average total costs, and 12 400 3,400 total revenue. 10 500 4,000 b. When Big Top maximizes profit, what is 4,600 the 6 700 5,200 consumer surplus and producer 4 800 5,800 surplus and is the circus efficient? Explain why or why not. You are constructing a table showing total revenue and marginal revenue. You are also constructing a graph to show consumer surplus and producer surplus c. At the market equilibrium, no children under 10 years old attend the circus. Big Top offers children under 10 a discount of 50 percent. How will this discount change the consumer surplus and producer surplus? Will Big Top be more efficient by offering the discount to children? No graph is needed just an explanation. d. If Big Top is regulated to produce the efficient output, what is the quantity of tickets sold, what is the price of a ticket, and what would be the consumer surplus? No graph is needed, just an explanation with a calculation of consumer surplus If Big Top is regulated to charge a price equal to average total cost, what is the quantity of tickets sold, the price of a ticket, and economic profit? You need a graph showing price, MC and AC. You need a graph and you have to show deadweight loss f. Draw a graph to illustrate the circus market if regulators set a price cap that enables Big Top to break even. Show the deadweight loss in your graph. e. a. 600 Price Quantity Total cost Big Top is the only circus in the nation. The table (dollars per (tickets (dollars per sets out the demand schedule for circus tickets ticket) per show) show) and the cost schedule for producing the circus. 20 0 1,000 Calculate Big Top's profit-maximizing price, 18 100 1,600 output, and economic profit if it charges a 16 200 2,200 single price for all tickets. You are constructing 14 300 2,800 a table with total costs average total costs, and 12 400 3,400 total revenue. 10 500 4,000 b. When Big Top maximizes profit, what is 4,600 the 6 700 5,200 consumer surplus and producer 4 800 5,800 surplus and is the circus efficient? Explain why or why not. You are constructing a table showing total revenue and marginal revenue. You are also constructing a graph to show consumer surplus and producer surplus c. At the market equilibrium, no children under 10 years old attend the circus. Big Top offers children under 10 a discount of 50 percent. How will this discount change the consumer surplus and producer surplus? Will Big Top be more efficient by offering the discount to children? No graph is needed just an explanation. d. If Big Top is regulated to produce the efficient output, what is the quantity of tickets sold, what is the price of a ticket, and what would be the consumer surplus? No graph is needed, just an explanation with a calculation of consumer surplus If Big Top is regulated to charge a price equal to average total cost, what is the quantity of tickets sold, the price of a ticket, and economic profit? You need a graph showing price, MC and AC. You need a graph and you have to show deadweight loss f. Draw a graph to illustrate the circus market if regulators set a price cap that enables Big Top to break even. Show the deadweight loss in your graph. e