1. In Figure 4.2 (see attached), by how much is the market (a) Overproducing private goods? (b) Underproducing public goods?

1. In Figure 4.2 (see attached), by how much is the market(a) Overproducing private goods?(b) Underproducing public goods?5. If the average adult produces $75,000 of output per year, how much output is lost as a result of deaths from secondhand smoke, according to the News on page 70? (see attached) 6. (a) Assuming a 10 percent sales tax is levied on all consumption, complete the following table:Percent of Incomepaid in taxes????????????????????(b) Is the sales tax progressive or regressive?