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Screen Shot 2021-01-12 at 8.37.32 PM.pngwhat would be total cost and profit for each row.

A)If there were only one supplier of robots, what would the price and quantity be?

B)If two firms formed a cartel, what would be the price and quantity? If two firms split the market evenly, what would be Firm A's production and profit?

c)What would happen to Firm A's profit if it increased its production by 1,000 while Firm B stuck to the cartel agreement? 

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Word File Edit View Insert Format Tools Table Window Help 90% Tue 8:37 PM Q E wecon assingment 2 Q Search in Document Home Insert Draw Design Layout References Mailings Review View Table Design Layout o+ Share Times New R... . 12 A - AV Aa A AaBbCcDdE AaBbCcDdE AaBbCcDdE AaBbCcDdE AaBbCcDdi AaBbCc AaBbCcDdEc Paste B I UV abe X2 X2|AL . A . = = = . letter_bullet letter_bullet_... Normal number_bullet No Spacing Heading 1 Heading 2 Styles Pane 7. Suppose that Firm A and Firm B are two of the largest producers of a special pool- cleaning robot. Suppose that the marginal cost of making such a robot is constant at $1,000 per unit, and there is no start-up cost. The demand for the robot is described by the following schedule. Price Quantity TR MR TC MC Profit (in 000s) (in 000s) (in 000s) (in 000s) (in 000s) (in 000s) (in 000s) 8 6 48 0 7 7 1 1 6 8 48 -1 1 5 9 45 - 3 1 4 10 40 -5 1 3 11 33 -7 1 2 12 24 -9 13 13 -11 a. Complete the columns for total revenue, marginal revenue, total cost, marginal cost, and profit. (5 marks) ECON247v10_Assignment_2A 6 December 13, 2017 Page 6 of 10 2578 words DX English (Canada) Focus E + 150% 2,317 JAN 12 W

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