Microeconomics

Umput level will the above Iffm maximize its profit? Explain your answer. 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) 6 17 8 9 10 11 12 13 a Complete the columns for total revenue, marginal revenue, total cost, marginal cost, and profit. b. If the market for the robots was perfectly competitive, what would the price and quantity be? 1392 words English (Canada) Focus ct