Please see attached instruction of the paper. Please feel free to chose the company to analysis. Do not exceed 8 pages.

Draw the graph for the production possibilities frontier general equilibrium model in which the economy is not initially in equilibrium. Explain in words (with reference to your diagram) how prices will adjust to bring the economy into equilibrium.Draw a properly sized Edgeworth Box for each of the following initial endowments.Person APerson BFoodClothesFoodClothesA100010B75310C515105D312178Draw an Edgeworth Box diagram with an initial endowment. Show the gains from trade relative to this endowment point assuming that each person has normal shaped indifference curves. Show the Pareto Efficient points that are within the region of gains from trade relative to the initial endowment. Make sure that your initial endowment point is not Pareto EfficientLet the market demand for widgets be given by P = 50 – Q/20 and let the average and marginal cost of production be constant at AC = MC = $10. a. Find the equilibrium price, quantity, and amount of consumer surplus if the market for widgets were perfectly competitive. b. Find the equilibrium price, quantity, profit, amount of consumer surplus, and amount of deadweight loss if the market for widgets were a pure monopoly.a. Draw the profit maximizing equilibrium for a monopolist with a standard U-shaped average cost curve where the monopolist would make a zero economic profit. b. Now draw the same case where the monopolist would make an economic loss when charging a single price. Would we expect this good to be produced in equilibrium in this case? Now show the profit maximizing quantity assuming that this monopolist can perfectly price discriminate. Is it possible that perfect price discrimination can allow this good to be produced? With reference to your graph, how can you tell if price discrimination allows the monopolist to now make at least a zero profit?Consider the graph for the market segmentation model of price discrimination (Figure 11.6). Draw this graph showing the monopolist charging the profit maximizing price in each market. Now show how an increase in demand in one of the two markets affects profit maximizing by the firm in each market. Does the increase in demand in one market “spill over” and affect the price charged in the second market in this case? What type of assumption would need to be imposed upon costs for this firm to have such spillovers occur?Cournot duopoly. Let the firms be a and b. Let the market demand curve be P = 80 – (qa + qb) and let each firm’s marginal and average cost be 0. Write out the best response equations for each firm and solve for the Nash equilibrium quantities and market price.Draw out the input and output decision graphs for a firm to show the substitution and output effects of an increase in the price of capital. (See Figure 13.2, but modify of course.)Draw how a monopsonist will respond to an increase in the productivity of labor. That is, draw a monopsony labor market in equilibrium, then show an increase in demand, and draw out the new equilibrium.