please help, need to know the 2 totals and all of the blanks!

8. The effects of property rights on achieving efficiency Consider a lake found in the village of Sturbridge, and then answer the questions that follow. The village has a water park whose visitors use the lake for recreation. The village also has a research facility that dumps industrial waste into the lake. This pollutes the lake and makes it a less desirable vacation destination. That is, the research facility's waste decreases the water park's economic profit. Suppose that the research faclity could use a different production method that involves recycling water. This would reduce the pollution in the lake to levels safe for recreation, and the water park would no longer be affected. If the research facility uses the recycling method, then the research facility's economic profit is $1,300 per week, and the water park's economic profit is $1,900 per week. If the research facility does not use the recycling method, then the research facility's economic profit is $1,600 per week, and the water park's economic profit is $1,100 per week. These figures are summarized in the following table. Complete the following table by computing the total proft (the research facilt's economic profit and the water park's economic profit combined) with and without recycling. Complete the following table by computing the total profit (the research facility's economic profit and the water park's economic profit combined) with and without recyciling. Total economic profit is highest when the recycling production method is When the research facility uses the recycling method, the water park ear $1,100=$800 more per week than it does with no recycling. Therefore, the water park should be willing to pay up to $800 per week 1 reh facility to recycle water. However, the recycling method decreases the research facility's economic profit by $1,600$1,300=$ sur poi weck, Therefore, the research facility should be willing to use the recycling method if it is compensated with at least $300 per week. Suppose the water park has the property rights to the lake. That is, the water park has the right to a clean (unpolluted) lake. In this case, assuming the two firms can bargain at no cost, the research facility will the recycling method and will pay the water park per week. Now, suppose the research facility has the property rights to the lake, including the right to pollute it. In this case, assuming the two firms can bargain at no cost, the research facility will the recycling method, and the water park will pay the research facility per week. The water park will make the most economic profit when True or False: The research facility will use the recycling method, regardless of who has the property rights: True False Complete the following table by computing the total profit (the research faclity's economic profit and the water park's economic profit combined) with and without recycling. Total economic profit is highest when the recycling production method is When the research faclity uses the recycling method, the water park earns $1,900$1,100=$800 more per week than it does with no recycling. Therefore, the water park should be willing to pay up to $800 per week for the research facility to recycle water. However, the recycling method decreases the research facility's economic profit by $1,600$1,300=$300 per week. Therefore, the research facility should be willing to use the recyding method if it is compensated with at least $300 per week. Suppose the water park has the property rights to the lake. That is, the water park has the right to a clean (unpolluted) lake. In this case, assuming the two firms can bargain at no cost, the research facility will the recyeling method and will pay the water park per week. Now, suppose the research facility has the property rights to tluding the right to pollute it. In this case, assuming the two firms can bargain at no cost, the research facility will the recyclin ind the water park will pay the research facility per week. The water park will make the most economic profit when True or False: The research facility will use the recycling method, regardless of who has the property rights. True False Complete the following table by computing the total profit (the research facility's economic profit and the water park's economic profit combined) with and without recycling. Total economic profit is highest when the recycling production method is When the research facility uses the recycing method, the water park eams $1,900$1,100=$800 more per week than it does with no recycling. Therefore, the water park should be willing to pay up to $800 per week for the research facility to recycle water. However, the recycling method decreases the research facility's economic profit by $1,600 - $1,300=$300 per week. Therefore, the research facility should be willing to use the recycling method if it is compensated with at least $300 per week. Suppose the water park has the property rights to the lake. That is, the water park has the right to a ciean (unpolluted) lake, In this case, assuming the two firms can bargain at no cost, the research facility will the recycling method and will pay the water park per week facility has the property rights to the lake, including the right to pollute it: In this case, assuming the two firms can bargain lity will the recycling method, and the water park will pay the research per week. e most economic profit when True or False. The research facility will use the recycling method, regardless of who has the property rights. True Faise Complete the following table by computing the total profit (the research facility's economic profit and the water park's economic profit combined) with and without recycling. Total economic profit is highest when the recycling production method is When the research facility uses the recycling method, the water park earns $1,900$1,100=$800 more per week than it does with no recycling. Therefore, the water park should be willing to pay up to $800 per week for the research facility to recycle water. However, the recycling method decreases the research faclity's economic profit by $1,600$1,300=$300 per week. Therefore, the research facility should be willing to use the recycling method if it is compensated with at least $300 per week. Suppose the water park has the property rights to the lake. That is, the water park has the right to a clean (unpolluted) lake. In this case, assuming the two firms can bargain at no cost, the research facility will the recycling method and will pay the water park per week. Now, suppose the research facility has the property rights to the lake, including the right to pollute it. In this case, assuming the two firms can bargain at no cost, the research facility will the recyeling method, and the water park will pay the research facility The water park will make the most rrofit when True or False: The research facility wil use the recycling method, regardless of who has the property rights. True False Total economic profit is highest when the recycling production method is When the research facility uses the recycling method, the water park earns $1,900$1,100=$800 more per week than it does with no recycling Therefore, the water park should be willing to pay up to $800 per week for the research facility to recycle water. However, the recycling method decreases the research facility's economic profit by $1,600$1,300=$300 per week. Therefore, the research facility should be willing to use the recycling method if it is compensated with at least $300 per week. Suppose the water park has the property rights to the lake. That is, the water park has the right to a clean (unpolluted) lake. In this case, assuming the two firms can bargain at no cost, the research facility wili the recycling method and will pay the water park per week. Now, suppose the research facility has the property rights to the lake, including the right to pollute it. In this case, assuming the two firms can bargain at no cost, the research facility will the recycling method, and the water park will pay the research facility per week. 2 most economic profit when 'acility will use the recycling method, regardiess of who has the property rights. Complete the foliowing table by computing the total profit (the research facility's economic profit and the water park's economic profit combined) with and without recycling. Total economic profit is highest when the recycling production method is When the research facility uses the recycling method, the water park earns $1,900$1,100=$800 more per week than it does with no recycling. Therefore, the water park should be willing to pay up to $800 per week for the research facility to recycle water. However, the recycling method decreases the research facility's economic profit by $1,600$1,300=$300 per week. Therefore, the research facility should be willing to use the recycling method if it is compensated with at least $300 per week. Suppose the water park has the property rights to the lake. That is, the water park has the right to a clean (unpolluted) lake. In this case, assuming the two firms can bargain at no cost, the research facility will the recycling method and will pay the water park per week. Now, suppose the research facility has the property rights to the lake, including the right to pollute it. In this case, assuming the two firms can bargain at no cost, the research facility will the recycling method, and the water park will pay the research facility per week. The water park. will make the most economic profit when True or False: The research facility will use the recycling True Faise True or False: The research facility will use the recycling method, regardless of who has the property rights. True False